Matt Maloney, a longtime partner at Gramercy Funds Management, has exited the emerging markets-focused hedge fund after a ten-year tenure, according to a report by Bloomberg citing unnamed people with knowledge of the matter.

Maloney, who most recently led the firm’s public credit and alternative investments strategies, departed at the end of 2023. His exit has not been publicly announced, and Gramercy declined to comment when contacted.

Prior to joining the Greenwich, Connecticut-based firm, Maloney spent close to a decade at Credit Suisse, according to his LinkedIn profile.

Founded in 1998 by CIO Robert Koenigsberger, Gramercy specialises in emerging market debt and special situations. As of late 2024, the firm reported approximately $7.4 billion in assets under management.

Maloney’s departure follows other recent changes at the firm, including the exit of several GAM fund managers amid ongoing restructuring and strategic realignment at Gramercy.