GAM Investments and Gramercy Funds Management have announced a strategic partnership to provide GAM clients with access to Gramercy’s emerging market (EM) debt strategies.
Gramercy will become the delegate investment manager for all of GAM’s EM debt investment strategies, subject to regulatory approvals.
The partnership comes as Paul McNamara, GAM’s investment director for EM debt, has decided to retire.
Gramercy’s deputy chief investment officer and head of EM debt Philip Meier will lead the integration.
McNamara said: “I am incredibly proud of what we have achieved at GAM and for our clients over the years.”
“As I prepare for my retirement, I look forward to an orderly handover to Gramercy’s experienced team, and I am confident that they will deliver excellent results and market insights for our clients.”
Robert Koenigsberger, managing partner and chief investment officer of Gramercy Funds Management said: “We are excited to partner with GAM to collectively deliver differentiated investment solutions to clients.”
“We believe Gramercy’s “Better Approach to Emerging Markets”, in combination with our investment acumen, will facilitate our mutual commitment to positively impact the portfolios of our clients.”
Gramercy has $6bn in assets under management. It was founded by its chief investment officer Robert Koenigsberger and chaired by former PIMCO CEO Mohamed A. El-Erian.
Elmar Zumbuehl, Group CEO at GAM said” “As we move forward, we are delighted to embark on this strategic partnership with Gramercy, leveraging their extensive experience in emerging markets. We believe this collaboration positions us strongly to pursue significant value and attractive risk-adjusted returns for our clients.”
