Stone Harbor Investment Partners Announces Launch of Stone Harbor Investment Grade Emerging Markets Corporate Debt Fund

- Fund launches with €200 mm of committed capital from a German corporate pension fund

NEW YORK, Oct. 10, 2012 /PRNewswire/ --Stone Harbor Investment Partners LP ("Stone Harbor" ), a global fixed-income investment firm focused on credit risk strategies and asset allocation announced today the launch of the Stone Harbor Investment Grade Emerging Markets Corporate Debt Fund (the "Fund"), a Dublin based, UCITS IV fund. €200 million has been committed to the fund from a German corporate pension fund. 

The Fund will seek to provide strong long-term returns by investing in a diversified portfolio of investment grade emerging markets corporate debt securities. The Fund will employ a fundamental value-driven investing approach, seeking to capitalize on the secular trend of improving credit quality and the significant inefficiencies of emerging markets. The fund will also seek to benefit from the Stone Harbor team's 21-years of experience of investing and trading emerging markets corporate bonds and loans through numerous global credit cycles. As of September 30, 2012, the firm's senior investment professionals manage $4 billion in dedicated emerging markets corporate debt assets for clients world-wide. 

Chris Wilder, EM corporate portfolio manager at Stone Harbor, said, "Compared to developed market corporates, EM corporates generally have superior credit fundamentals, higher growth and offer a more attractive yield. Dollar EM corporate issuance has surpassed dollar EM sovereign issuance by roughly 3 to 1 in recent years, while inflows into the EM corporate asset class have grown significantly.  We expect these trends to continue and we are launching this fund so our clients can take advantage of them."

The Fund underscores Stone Harbor's continued commitment to providing credit risk strategy solutions that we believe meet the regulatory constraints that some clients face in certain countries and follows the launch of funds for investment grade hard currency emerging markets debt, investment grade local currency emerging markets debt and a global high yield BB/B focused strategy.

Stone Harbor Investment Partners LP is a global institutional fixed income investment manager, specializing in 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.

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