Emerging Markets

US-Based Investment House Launches Emerging Markets Debt Strategy

Tom Burroughes, Group Editor, November 1, 2017

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Stone Harbor Investment Partners, a US-headquartered fixed-income investment firm, has launched the Emerging Markets Explorer Strategy, which it describes as a “concentrated, high conviction, unconstrained strategy” in emerging markets debt.

The strategy focuses on fixed income securities picked from emerging markets debt asset classes of hard currency sovereign debt, corporate credit, local duration and emerging market foreign exchange. Stone Harbor has raised nearly $2 billion in this strategy since the early summer of this year, a spokesperson said, when asked to provide additional detail.

The firm’s emerging markets team is overseeing the strategy; investment ideas are driven by fundamental analysis of the credit universe as well as top-down macro-economic view.

“The EM Explorer Strategy aims to provide opportunities for investing in improving credit stories, monetary policy cycles, attractive FX valuation themes and technically-related undervalued credit,” Kumaran Damodaran, portfolio manager at Stone Harbor Investment Partners, said.

Founded in 2006 and based in New York, Stone Harbor also has locations in New York, Chicago, London, Melbourne and Singapore.

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