Gramercy Funds Management

Gramercy Funds Management

Type	Large Advisory Firm[1]
Industry	Global Investment Management[2]
Founded	1998 [2]
Headquarters	20 Dayton Avenue, Greenwich, CT 06830
Area served	Worldwide [2]
Key people	Robert Koenigsberger Scott Seaman Robert L. "Nob" Rauch David Herzberg[3]
AUM	US $6 billion (as of December 2015)[4]
Number of employees	Approximately 60 (2015)[1]
Website	http://www.gramercy.com

Gramercy Funds Management is an investment manager dedicated to global emerging markets. Gramercy manages alternative, long-only and UCITS strategies across a variety of asset classes, including USD and local currency sovereign debt, corporate debt, high yield corporate debt, distressed debt, equity, private equity and special situations.^[2][5]

The firm is headquartered in Greenwich, Connecticut with additional offices in London, Hong Kong, Singapore, Mexico City and Buenos Aires.^[6]

Gramercy was founded in 1998 and is registered with the U.S. Securities and Exchange Commission (SEC) under the Investment Advisors Act of 1940.^[1]

History

Gramercy was founded in 1998 by Robert Koenigsberger, Managing Partner and Chief Investment Officer, who has over 29 years of experience investing in emerging markets. Koenigsberger founded Gramercy with a vision for the firm to become a global, institutional investment management firm focused on emerging markets.^[7][8] The firm currently manages $6 billion in assets with a team of 60-plus professionals.^[9]

Gramercy Funds

Alternative Investment Funds

• Gramercy Distressed Opportunity Fund II
• Gramercy Credit Opportunities Fund^[4][10]

Long-only Debt Funds

• Gramercy Corporate Emerging Markets Debt Fund
• Gramercy High Yield Corporate Emerging Markets Debt Fund
• Gramercy Local Currency Emerging Market Debt Fund
• Gramercy U.S. Dollar Emerging Market Debt Fund
• Gramercy EMD Allocation Fund
• Gramercy Corporate Emerging Market Debt Fund UCITS
• Gramercy High Yield Corporate Emerging Market Debt Fund UCITS
• Gramercy Total Return Allocator Emerging Market Debt Fund UCITS^{[11][12][13][14]}

Long-only Equity Funds

• Gramercy Emerging Markets Equities Fund
• Gramercy Global Equities Fund^[11][15]

Management Bios

Robert S. Koenigsberger is founder, chief investment officer and the managing partner of Gramercy. Koenigsberger has 29 years of investment experience dedicated to emerging markets with a specialization in fixed income securities. Prior to founding Gramercy, Koenigsberger was a senior vice president at Lehman Brothers from 1995 to 1998, where he managed the bank’s sovereign debt restructuring group. Prior to that, he was a vice president at Merrill Lynch, Pierce, Fenner & Smith Incorporated for three years where he traded performing and distressed emerging markets debt securities in New York, London and Hong Kong. From 1987 to 1991, he held the position of vice president at CR-P Associates, a financial advisory firm with offices in Central and South America that led sovereign debt restructurings, debt buy-backs and debt-equity swap transactions in Latin America.^[8][16][17]

Scott Seaman is Senior Partner and Chief Operating Officer. He joined the firm in 2002. He has 32 years’ experience in business management spanning emerging markets and alternative investments. Prior to joining the firm, Seaman spent 16 years at J.P. Morgan & Co. where he held roles as Chief Operating Officer and Chief Financial Officer for J.P. Morgan Fleming Asset Management’s Hedge Funds Group and Real Estate Investment Group; Manager of the Emerging Markets Strategic Planning Group at J.P. Morgan Securities Inc; head of Emerging Markets Business Analysis and Development at J.P. Morgan Securities, Inc; and a Vice President in the J.P. Morgan & Co. Audit Group.^[3][18]

Robert L. "Nob" Rauch is Senior Partner and Emerging Markets Portfolio Manager. He has 36 years investment experience. Rauch oversees investment activities and the corporate investment and restructuring group of Gramercy, and is a portfolio manager for Gramercy's distressed funds. He has been or is currently involved as a leading creditor or advisor in the restructuring of numerous companies in Asia, Eastern Europe, and Latin America including Accel, Alestra, Asia Pulp and Paper, Berlian Laju Tanker, BTA Bank, Dina, Durango, Essar Steel, Far East Shipping Company, Industrias Unidas, Iusacell, Mechala, Medefin, New World Resources, Pacific Exploration & Production, San Luis, Satmex, SIDEK, Synkro, Tonon Bioenergia, Transtel, and Tristan Oil. He is chair of the Liquidity Committee. Prior to joining Gramercy in December 2000, Mr. Rauch worked with a number of other financial institutions, including The Weston Group, Lehman Brothers, CSFB, First Interstate Bancorp, and Swiss Bank Corporation. He served on the board of Satélites Mexicanos, SA de CV, the largest Mexican fixed satellite services provider, in 2006-2008. He is currently on the board of Credivalores, a Colombian consumer finance company.^[3][19]

David W. Herzberg is a Senior Partner and Emerging Markets Portfolio Manager. As head of research, he has 20 years of investment and research experience. He oversees a team of experienced credit research analysts responsible for Gramercy’s emerging markets corporate investment recommendations. Mr. Herzberg is a member of the Investment Committee and chairs the weekly Corporate/Distressed Credit Meeting. Mr. Herzberg serves as one of the Co-Portfolio managers for Gramercy Distressed Opportunity Fund III, Gramercy Distressed Opportunity Fund II and Gramercy Credit Opportunities Fund. Prior to joining Gramercy in October 2002, Mr. Herzberg worked at Bear Stearns, Inc. as a Research Associate in the Global High Yield department, specializing in Latin American corporate research. From 1997 to 1998, he was a junior analyst at Caspian Securities where he covered Latin American bank equities. From 1996 to 1997, he worked at GTE Service Corporation as an Associate in its International Development training program.^[3]

References

External links

• Gramercy Funds Management LLC website

Hedge funds
Investment strategy	Arbitrage / Relative value Capital structure arbitrage Convertible arbitrage Equity market neutral Fixed income arbitrage / Fixed-income relative-value investing Statistical arbitrage Volatility arbitrage Event-driven Activist shareholder Distressed securities Risk arbitrage Special situation Directional Convergence trade Commodity trading advisors / Managed futures account Dedicated short Global macro Long/short equity Trend following Other Fund of hedge funds / Multi-manager
Trading	Algorithmic trading Day trading High-frequency trading Prime brokerage Program trading Proprietary trading
Related terms	Markets Commodities Derivatives Equity Fixed income Foreign exchange Money markets Structured securities Misc Arbitrage pricing theory Assets under management Black–Scholes model (Greeks (finance): Delta neutral) Capital asset pricing model (Alpha / Beta / Security characteristic line) Fundamental analysis Hedge Securitization Short Taxation of private equity and hedge funds Technical analysis
Investors	Vulture funds Family offices Financial endowments Fund of hedge funds High-net-worth individual Institutional investors Insurance companies Investment banks Merchant banks Pension funds Sovereign wealth funds
Regulatory	Fund governance Hedge Fund Standards Board
Alternative investment management companies Hedge funds Hedge fund managers