GAM Investments has entered into a strategic partnership with Gramercy Funds Management LLC to enhance its Emerging Market Debt (EM Debt) strategies, ensuring clients continue to benefit from specialszed expertise and future product innovation.
Under the agreement – and pending customary regulatory approvals – Gramercy will assume the role of delegate investment manager for all of GAM’s EM Debt strategies.
Gramercy, a $6bn AUM investment firm, has a long-standing track record in emerging market investments, navigating multiple credit cycles. Founded in 1998 by Managing Partner and CIO Robert Koenigsberger, the firm is chaired by Mohamed A El-Erian and operates with a global presence spanning the US, UK, Latin America, and key emerging markets.
With a fully integrated risk management and ESG framework, Gramercy manages dedicated lending platforms in Mexico, Türkiye, Peru, Pan-Africa, Brazil, and Colombia, positioning itself to capitalise on evolving macroeconomic conditions.
Philip Meier, Gramercy’s Deputy CIO and Head of EM Debt, will play a key role in managing GAM’s EM Debt strategies. Meier, an 18-year investment veteran, brings deep expertise in emerging markets and has been instrumental in shaping portfolio management strategies.
As part of the transition, Paul McNamara, GAM’s longstanding Investment Director for EM Debt, has announced his retirement in 2025 after nearly three decades in asset management. He will continue with GAM until his departure to ensure a smooth handover to Gramercy’s team.
Investment Manager Markus Heider will remain at GAM, working alongside Gramercy to maintain client relationships and drive investment performance.
With Gramercy taking over management of GAM’s EM Debt strategies, the partnership aims to enhance investment expertise, product innovation, and risk-adjusted returns in emerging markets. The transition marks a new chapter for GAM’s fixed-income business while ensuring continuity and strong leadership in its EM Debt portfolios.
