NEW YORK, Sept. 12, 2012 /PRNewswire/ -- Stone Harbor Investment Partners LP ("Stone Harbor"), a global fixed income investment firm focused on credit fixed income and asset allocation strategies, announced today the addition of William Perry to the firm's investment team as an Emerging Markets Corporate Debt Portfolio Manager.
Mr. Perry has 28 years of industry experience and will be based in the firm's New York headquarters. Prior to joining Stone Harbor, Mr. Perry served as an Emerging Markets Corporate Debt Portfolio Manager at Morgan Stanley Investment Management.
"We are pleased to announce this new addition to our Emerging Markets Debt team," said Peter Wilby, CIO of Stone Harbor. "Bill Perry is an exceptional new resource for Stone Harbor, particularly considering the growing opportunities we see within the emerging markets corporate debt space. We are confident that Bill will make substantial contributions to the team and our existing strategies as we continue to pursue excellent returns for our clients."
"I have long admired Stone Harbor's experienced team, its consistent investment approach and its focus on performance and client service," said Mr. Perry. "I look forward to starting this new chapter in my career at Stone Harbor."
Mr. Perry will work closely with Chris Wilder, Stone Harbor's London-based emerging markets corporate debt portfolio manager. According to Mr. Wilder, "Year-to-date, as of September 7, 2012, EM corporates have returned 10.97% as measured by the JP Morgan CEMBI Broad Diversified Index. Compared to developed market corporates, we think EM corporates generally have superior credit fundamentals, higher growth, yet offer a more attractive yield. EM corporates have benefited from the improving credit quality of EM sovereigns generally and dollar corporate issuance has surpassed dollar EM sovereign issuance by roughly 3 to 1 in recent years. We expect this to continue."
Stone Harbor Investment Partners is a global institutional fixed income investment manager, specializing credit and asset allocation strategies. The firm manages institutional clients' assets in a range of investment products: emerging markets debt, high yield, bank loans, as well as multi-sector products, such as global high yield and core plus type investing. The firm's investment strategies are based on fundamental insights, derived from a combination of proprietary research and the in-depth knowledge and specialized experience of the firm's team. Based in New York, Stone Harbor employs over 130 people across its headquarters and offices in London and Singapore. Stone Harbor is an employee-owned limited partnership and as of August 31, 2012, the firm has $56 billion of assets under management.
SOURCE Stone Harbor Investment Partners