Shiprock Capital Management has bolstered its emerging-markets team with the hiring of Nadir Cura, formerly at Converium Capital, as the London-based hedge fund continues to expand its roster of developing-world investment specialists, according to a report by Bloomberg.

Cura, who spent the past five years focused on distressed debt and other emerging-market assets, joins Shiprock as a senior analyst reporting to Chief Investment Officer Andrey Pavlichenkov. Prior to Converium, he held roles at Autonomy Capital and Bank of America, working across special situations, equity, and credit.

The move comes amid a broader push by Shiprock to deepen its EM capabilities, following recent hires including Alex Williamson from Deutsche Bank and Mauro Roca, formerly of TCW Group. Emerging-market stocks and bonds saw their first year of inflows in four, as a weaker dollar and US policy uncertainty encouraged capital to shift abroad.

Shiprock has grown its assets under management to $1.1bn, up from $80m at launch in 2023.