Gracie Asset Management (Gracie), a long/short credit manager founded in 2004, has promoted Kyle Fitzgerald to the role of Portfolio Manager for the firm’s credit funds, effective 15 January, 2020.
Fitzgerald will help oversee the fund’s investment activities with emphasis on the energy, basic material, and industrial sectors and will report to Chief Investment Officer James Palmisciano. He will also join the firm’s Investment Committee.
Fitzgerald joined Gracie in 2008 as an analyst and holds a master’s degree in accounting with honours from the McCombs Business School at the University of Texas. He previously served as an analyst on the mortgage-backed securities derivatives trading desk of Credit Suisse Group in New York. Over his 13-year career at Gracie, Fitzgerald has been deeply involved in investment operations, portfolio management decisions and investor activities related to a range of investment vehicles and strategies. He has also contributed effectively in support of the firm’s management, investment, and valuation committees.
“With his demonstrated expertise investing across a variety of corporate sectors and in varying market conditions over time, Kyle is a valuable addition to the fund’s portfolio management team,” says Palmisciano.
