Public Credit Strategy Team

Matthew Maloney, CFA

Partner

Head of Public Credit
22 Years Experience | Located in Greenwich

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Mr. Maloney has over 21 years of trading and portfolio management experience in emerging markets. He is Head of Public Credit charged with managing Gramercy’s public credit portfolios. Specifically, he oversees a team that sources and analyzes corporate, sovereign, distressed, high yield and liquid bonds and loans across the platform. Mr. Maloney also manages Gramercy’s centralized trading desk which spans distressed to performing credit and is responsible for the formulation of Gramercy’s dynamic hedging program. He is a member of the Credit Investment Committee and the Global Research Committee. Mr. Maloney reports to Robert Koenigsberger, Chief Investment Officer. He is also a member of Gramercy’s Management Team.

Prior to joining Gramercy in 2014, Mr. Maloney worked for 10 years as an emerging markets trader at Credit Suisse in the Fixed Income Division. Prior to Credit Suisse, Mr. Maloney was employed by Maloney Commodity Services (MCS) where he helped launch an absolute return hedge fund affiliated with State Street Global Finance.

Mr. Maloney received a MA in Economics and International Affairs from Johns Hopkins School of Advanced International Studies (SAIS) and a BA in History from the College of the Holy Cross. Additionally, Mr. Maloney is a CFA Charterholder.

Philip Meier

Managing Director

Head of EM Debt, Multi-Asset Portfolio Manager
14 Years Experience | Located in London

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Mr. Meier brings more than 14 years of investment experience to Gramercy. He is Head of EM Debt and Portfolio Manager of Gramercy’s Multi-Asset Strategy. Based out of the London office, Mr. Meier is also an integral part of expanding the firm’s coverage of CEEMEA and Asia and serves as a member of Gramercy’s Credit Investment Committee, Global Research Committee and Top-Down View Group.

Prior to joining Gramercy, Mr. Meier spent nearly five years at Legal & General Investment Management (LGIM) where he was a senior member of the Emerging Markets Debt Portfolio Management Team. Mr. Meier was instrumental in developing LGIM’s emerging markets credit capabilities from inception, which grew to nearly $2 billion in dedicated funds during his tenure. Mr. Meier was the Co-Portfolio Manager of the L&G Emerging Markets Bond Fund, L&G Emerging Markets Short Duration Bond Fund and LGIM’s Emerging Markets Debt Absolute Return Strategy. The former two funds generated significant alpha in the 1, 3 and inception to date categories, and the Absolute Return Strategy had a Sharpe Ratio of 2 during his nearly 4 year management.

In addition to LGIM, Mr. Meier’s emerging markets credit experience includes time with AXA Investment Managers as Senior Portfolio Manager, Emerging Markets Fixed Income, in London. He began his emerging markets credit investing career with Deutsche Asset Management in Frankfurt.

Mr. Meier graduated from the European Business School in Germany and holds an MBA-equivalent (“Diplom-Kaufmann”) in Finance & Banking.

Belinda Hill, CFA

Managing Director | Portfolio Manager

Public Credit
21 Years Exp. | Located in Greenwich

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Ms. Hill has 21 years of investment and research experience in emerging markets. She is a Co-Portfolio Manager for Gramercy’s long-only EMD strategies. Ms. Hill also serves as a member of the Investment Committee and participates on the firm’s weekly top down and bottom up meetings.

Prior to joining Gramercy, Ms. Hill spent three years as an Emerging Markets Analyst at Apollo Global Management. At Apollo, she analyzed sovereign, quasi-sovereign, and corporate issuers across all sectors and was also responsible for sourcing and evaluating new strategic initiatives and private opportunities. Prior to Apollo, Ms. Hill worked at Schroders Investment Management for two years as an Emerging Markets Corporate Credit Analyst. There she conducted fundamental research on investment grade and high yield credit across all sectors. She also provided various portfolio managers with value-add actionable trading recommendations for Latin America based on fundamental and relative value analysis. Ms. Hill also worked at HPP, PepsiCo and Credit Suisse.

Ms. Hill received her BA in Business Administration from Georgetown University where she graduated Cum Laude. Additionally, Ms. Hill is a CFA Charterholder.

James Barry

Director | Deputy Portfolio Manager

Region: CEEMEA / Asia
Focus: Generalist
10 Years Exp. | Located in London

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Mr. Barry has 10 years of investment and research experience. He serves as a Director, Deputy Portfolio Manager. Based out of the London office, Mr Barry is an integral part of expanding the firm’s coverage of CEEMEA and Asia and serves as a member of Gramercy’s Credit Investment Committee.

Prior to joining Gramercy, Mr. Barry was at Citigroup Global Markets covering CEEMEA Corporate Credit. In this capacity he was responsible for leading coverage and independent CEEMEA corporate research providing trade ideas. He managed an active CEEMEA trade idea P&L and contributed to Citigroup’s EM weekly publications. Prior to Citigroup, Mr. Barry was a Fixed Income Trader and Local Currency Portfolio Manager for AIG Asset Management for two years and prior to this role he was with Societe Generale for three years as Sales Analyst/Associate.

Mr. Barry holds a Masters in Finance from the University of Durham and an undergraduate degree in Economics and Politics.

Juan Ocampo

director | deputy portfolio manager 

Region: LatAm
Focus: Oil & Gas, Utility
7 Years Exp. | Located in Greenwich

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Mr. Ocampo joined Gramercy in February 2019 with 7 years of industry experience. At Gramercy, Mr. Ocampo is responsible for a wide range of research analytics, working closely with the Credit, Capital Solutions and Special Situations teams. In his role he assists with all aspects of research analysis including: due diligence, underwriting, collaborating new ideas to the Research Committee, and serving as an asset manager for portfolio positions.

Prior to Gramercy, Mr. Ocampo spent four and a half years at J.P. Morgan as an Investment Banking Associate specializing in Latin American Debt Capital Markets. He focused on debt underwriting practice for all high yield and investment grade local and international bonds and loans in Latin America. Mr. Ocampo’s group led all aspects of the deal process, including debt financing advisory, credit restructuring, documentation, underwriting, syndication and pricing.

Mr. Ocampo received a BA in Economics and Mathematics with a concentration in Philosophy from Columbia University.

Kathryn Exum

director | CO-HEAD of Sovereign research

Region: Global
12 Years Exp. | Located in Greenwich

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Ms. Exum has 12 years of industry experience. She is a member of Gramercy’s sovereign research team. As a member of the sovereign research team, she is responsible for making key market calls supported by unique proprietary research. Ms. Exum participates in the weekly Corporate/Distressed Credit Meetings and is a member of the Investment Committee.

Prior to joining Gramercy, Ms. Exum was an Associate in Country Risk Management at J.P. Morgan. She was responsible for evaluating sovereign risks and internal credit ratings through macroeconomic and political analysis on a portfolio of countries. Ms. Exum also conducted robust in-country due diligence for annual internal sovereign ratings assessment. Additionally, she wrote, presented and distributed analytical research reports at a high frequency on economic and political events in the context of the potential impact on internal risk ratings, exposure, and limits.

Ms. Exum received a BA in Economics, with a double minor in Public Policy and Psychology, from Hobart and William Smith Colleges where she graduated magna cum laude. Ms. Exum has achieved the CFA Institute Certificate in ESG Investing.

Petar Atanasov

director | co-head of Sovereign research

Region: Global
13 Years Exp. | Located in Greenwich

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Mr. Atanasov has 13 years of industry experience. He is a member of Gramercy’s sovereign research team. As a member of the sovereign research team, he is responsible for making key market calls supported by unique proprietary research. Mr. Atanasov participates in the weekly Corporate/Distressed Credit Meetings and is a member of the Investment Committee.

Prior to joining Gramercy, Mr. Atanasov was an Associate Analyst in the Sovereign Risk Group at Moody’s Investors Service. In that role, he authored research on developments impacting sovereign credit quality, oversaw data collection for Moody’s semi-annual Country Statistics Handbook, and participated in sovereign rating committees. Mr. Atanasov was also responsible for communicating sovereign risk group views in investor briefings and discussions with policymakers. Prior to Moody’s, Mr. Atanasov was an Emerging Markets Macroeconomic Analyst at Roubini Global Economics and an Associate at Ernst and Young LLP.

Mr. Atanasov received a dual MA in International Finance and Economics from Columbia University and Public Policy from National University of Singapore. He received a dual BA in Business, Organizations, and Society and International Politics from Franklin and Marshall College, where he graduated magna cum laude.

Paul Cheung

director | Research Analyst

Region: Asia
Focus: Generalist
15 Years Exp. | Located in London

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Mr. Cheung has 15 years of investment and research experience and serves as a Director, based out of Gramercy’s London office. Mr. Cheung is responsible for expanding the firm’s research coverage and trade idea generation, primarily focused on Asian corporate credit. He also serves as a member of the Global Research Committee.

Prior to joining Gramercy, Mr. Cheung was at Amundi Asset Management responsible for covering Emerging Markets Corporate Credit. In this capacity he was focused on conducting research and providing trade ideas globally, including LatAm, CEMEA, and Asia.

Prior to that, Mr. Cheung spent several years working in Investment Banking at UBS, BNP Paribas, and Goldman Sachs in Leveraged Finance.

Mr. Cheung received an MBA from the Wharton School of the University of Pennsylvania with a concentration in Finance and a MSc/BSc in Economics from the Erasmus University Rotterdam. Additionally, Mr. Cheung is a CAIA Charterholder.

Cassiano Santana dos Santos, CFA

Vice President | Research Analyst

Region: LatAm
Focus: Generalist
4 Years Exp. | Located in London

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Mr. dos Santos has four years of investment and research experience. He serves as a Vice President, LatAm Analyst based out of the London office where he is responsible for covering Latin American corporate credits and generating trade ideas within that space for the EMD Team.

Prior to joining Gramercy, Mr. dos Santos worked at Wellington Management Company for three years where he was responsible for developing proprietary research on corporate bond issuers, assisted with coverage for Latin America and Africa by building financial models, and made investment recommendations to the firm.

Mr. dos Santos holds a Bachelor of Science in Finance from Babson College, School of Business and is a CFA Charterholder.