NEW YORK, June 7, 2011 /PRNewswire/ --
- Off Shore Fund Launches With Over $450MM of Institutional Investments -
Stone Harbor Investment Partners LP ("Stone Harbor"), a global fixed-income investment firm focused on credit risk strategies and asset allocation and one of the world's leading institutional emerging markets debt managers, announced today the launch of the Stone Harbor Emerging Markets Corporate Debt Fund ("The Fund"), a Dublin based, UCITS III fund. The Fund launches with over $450 million in investments from institutional investors.
The Fund seeks to provide strong long-term returns by investing in a highly diversified portfolio of emerging markets corporate debt securities. The Fund will employ a fundamental value-driven investing approach, seeking to capitalize on the secular trend of improving credit quality and the significant inefficiencies of emerging markets. The fund will also benefit from the Stone Harbor team's 20 year history and experience of investing and trading emerging markets corporate bonds and loans through numerous global credit cycles.
The Fund underscores Stone Harbor's continued commitment to an international business strategy, which has resulted in the firm's senior investment professionals managing over $35 billion in assets for clients world-wide, as of April 30, 2011.
Commenting on the announcement, Peter Wilby said, "As the emerging economies continue to grow and mature, we believe that emerging markets corporate debt provides an extremely attractive investment opportunity. We have designed the Fund to take full advantage of our significant history and experience in this asset class and are committed to pursuing superior returns on our clients' behalf."
About Stone Harbor:
Stone Harbor Investment Partners is a global institutional fixed-income investment manager, specializing in credit and asset allocation strategies. The firm manages institutional clients' assets in a range of investment products: emerging markets debt, high yield, bank loans, as well as multi-sector products, such as global high yield and core plus type investing. The firm's investment strategies are based on fundamental insights, derived from a combination of proprietary research and the in-depth knowledge and specialized experience of the firm's team. Based in New York, Stone Harbor employs over 100 people across its headquarters and offices in London and Singapore. Stone Harbor is an employee-owned partnership and as of April 30, 2011, the firm has over $35 billion of assets under management.
SOURCE Stone Harbor