GAM Investments has partnered with Gramercy Funds Management to manage all of GAM’s emerging market debt strategies.
The arrangement comes as Paul McNamara, GAM investment director for EM debt, announced his retirement after 28 years in asset management.
He will remain at GAM to oversee the transition to Gramercy before retiring later this year.
Gramercy is an emerging market specialist, founded in 1998 and currently running $6bn assets.
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Elmar Zumbuehl, Group CEO at GAM, said: “On behalf of GAM and our investors, I would like to thank Paul for his dedicated service and camaraderie over the years. We wish him all the very best in his retirement.
“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.”
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