Stone Harbor Investment Partners (Stone Harbor), a manager of emerging markets credit strategies, global high yield credit strategies, and multi-sector credit strategies, has appointed Jim Craige, Head of Emerging Markets, as co-CIO.
Craige will serve alongside Managing Partner and now co-CIO, Peter Wilby. Having worked side by side as portfolio managers since 1992, Jim and Peter will continue to work together closely in leading Stone Harbor’s investment focus. Craige will retain his position as Head of Emerging Markets with overall oversight of the asset class, supported by the existing broad team including industry veterans Stuart Sclater-Booth and Kumaran Damodaran, both portfolio managers.
Marianne Rossi and William Perry have been appointed Co-Heads of Stone Harbor’s Global High Yield team, with responsibility for both the developed and emerging market sectors of the asset class. Within the developed market sector, Matt Kearns will co-manage the firm’s US High Yield portfolios alongside Marianne; Matt Cottingham will co-manage the European High Yield portfolios with Wei Romualdo; and Hunter Schwarz will co-manage Bank Loans alongside Cathy Nolan.
David Torchia continues as a senior investment leader, running Stone Harbor’s Multi-Sector Credit and Investment Grade developed market teams, which provide clients with solutions across a broad range of credit fixed income asset classes.
Peter Wilby, Managing Partner and co-CIO at Stone Harbor, says: “I am thrilled to congratulate this talented group of colleagues on their new roles. These appointments reflect our commitment to our clients and dedication to ensuring continuity of leadership as the business moves forward and we further develop our institutional quality global fixed income expertise.”
Craige adds: “The strength and depth of Stone Harbor’s leadership team is unmatched, and I look forward to continuing to work alongside my colleagues as the business continues to grow and develop. We believe there is significant opportunity as these asset classes continue to evolve and we believe the expanded leadership team we have put in place is well-positioned to capitalise on this for our clients.”
