Public Credit Strategy Team

Bradshaw McKee

Partner

Head of Credit & Co-Head of Capital Solutions
27 Years Experience | Located in Greenwich

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Mr. McKee has over 27 years of distressed and structured credit experience in emerging markets. He runs the Credit team and co-manages the Capital Solutions effort. Specifically, he oversees a team that sources and analyzes corporate, sovereign, distressed, high yield and liquid bonds and loans, as well as capital solutions opportunities across the platform. He is a member of the Credit Investment Committee and Capital Solutions Investment Committee, and reports directly to Robert Koenigsberger, Chief Investment Officer. He is also a member of Gramercy’s Management Team.

Prior to joining Gramercy in 2017, Mr. McKee spent 11 years as Managing Director, Global Co-Head of Emerging Markets Structured Credit Trading at Deutsche Bank where he was responsible for over $2 billion of risk across distressed and high yield corporate bonds and loan investments, direct lending, and non-performing loans portfolios. Mr. McKee served as a portfolio manager on the Emerging Markets Corporate Credit Principal Desk in Latin America and CEEMEA where he sourced, purchased, and monetized numerous high-profile emerging markets distressed opportunities and gained an extensive knowledge of high yield and distressed issuers. Additionally, Mr. McKee co-managed a team of over 25 traders and structurers in New York, London, Sao Paulo, Dubai, and Moscow. Mr. McKee was also a member of the Deutsche Bank Emerging Markets Executive Committee, Emerging Markets Reputational Committee, and Global Markets Americas Management Committee. From 1993 to 2006 Mr. McKee worked at JPMorgan in New York, Buenos Aires, and Mexico City where he was most recently Vice President of Latin American Distressed Trading and started the bank’s distressed loan trading business for the region.

Mr. McKee received his Executive MBA from Columbia Business School and a Bachelors of Arts in History and Spanish from Middlebury College.

Matthew Maloney, CFA

Managing Director

Head of Alternatives & Trading, Senior Portfolio Manager
20 Years Experience | Located in Greenwich

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Mr. Maloney has over 20 years of trading and portfolio management experience in emerging markets. He is a Senior Portfolio Manager for Gramercy’s public credit portfolios and Co-Portfolio Manager, along with Robert Koenigsberger, of the Gramercy Venezuela Opportunity Fund and Gramercy Distressed Argentina Fund. 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.

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, Portfolio Manager
12 Years Experience | Located in London

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Mr. Meier brings more than 12 years of investment experience to Gramercy’s Public Credit Team where he is Head of EM Debt responsible for the management of Gramercy’s Long-only EM Debt Strategies. 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

Region: Global
Focus: Financials, Consumer Goods
18 Years Exp. | Located in Greenwich

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Ms. Hill has 18 years of investment and research experience in emerging markets. She is a Co-Portfolio Manager for Gramercy’s long-only EMD strategies and a Senior Research Analyst for the firm’s alternative portfolios. 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.

Matthew Christ

Managing Director | Research Analyst

Region: Latin America
Focus: Infrast., Soft Commodities
15 Years Exp. | Located in Greenwich

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Mr. Christ has 15 years of investment and research experience. He assists with generating and monitoring corporate credit investments within the distressed and performing strategies. Additionally, Mr. Christ is a member of the weekly Corporate/Distressed Credit Meeting and the Investment Committee.

Prior to enrolling at Columbia Business School, Mr. Christ worked at BlackRock for six years, from 2008-2011 as a Portfolio Manager within the Financial Institutions Group focusing on credit investments on behalf of insurance and reinsurance clients. Mr. Christ also researched and sourced investment ideas to generate fixed income alpha within varying client risk profiles and investment objectives. While at BlackRock, he also served in a client relationship/business development role before joining the Portfolio Management Group.

Mr. Christ received a MBA from Columbia Business School with Dean’s Honors and a BA in English and French from Middlebury College where he graduated Cum Laude. Mr. Christ graduated from Columbia Business School’s Value Investing Program.

Petar Atanasov

Senior Vice President | Sovereign Analyst

Region: Global
10 Years Exp. | Located in Greenwich

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Mr. Atanasov has 11 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.

Kathryn Exum

Senior Vice President | Sovereign Analyst

Region: Global
10 Years Exp. | Located in Greenwich

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Ms. Exum has 10 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.

Brian Nunes, CFA, CA(SA)

Senior Vice President | Research Analyst

Region: Africa & LatAm
Focus: Telecom., Mining
19 Years Exp. | Located in Greenwich

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Mr. Nunes has 19 years of investment and research experience. He is responsible for providing general research and analysis to Gramercy’s Portfolio Managers. Mr. Nunes performs new and ongoing investment due diligence related to client investment vehicles with a particular focus on opportunities in sub-Saharan Africa. He monitors and provides timely analysis and updates on the financial situation, operational performance and key developments for those assets for which he is the designated Asset Manager. Mr. Nunes provides ad-hoc analysis and/or investment reviews as required by the Trading, Research or Marketing groups. He participates in the weekly Corporate/Distressed Credit Meeting and Investment Committee meetings.

Prior to joining Gramercy in April 2008, Mr. Nunes spent seven years with PricewaterhouseCoopers. At PWC he held various positions in both the U.S. and South Africa, the most recent being Manager in the Financial Due Diligence Practice where he focused on merger and acquisition transactions.

Mr. Nunes received a Bachelor of Commerce Accounting Sciences and a Certificate in Theory of Accounting at the University of Pretoria, South Africa where he graduated with honors. Additionally, Mr. Nunes is a CFA Charterholder and a Chartered Accountant in South Africa.

James Barry

Vice President | Research Analyst

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

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Mr. Barry has 7 years of investment and research experience. He serves as a Vice President, Credit Analyst. 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.

Matthew Berland

Associate | Research Analyst

Region: Global
Focus: Generalist
2 Years Exp. | Located in Greenwich

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Mr. Berland joined Gramercy in July 2017. At Gramercy, he is responsible for researching and recommending investment opportunities with a primary focus in emerging markets corporate bonds. Mr. Berland participates in the weekly Corporate/Distressed Credit Meeting.

Mr. Berland also interned at Gramercy while studying for his degree. His internship responsibilities included assisting Investor Relations, reconciling defaulted bonds, and reporting to senior management.

Mr. Berland received a BS from Lehigh University with a major in Finance and concentration in Financial Analysis.

Juan Ocampo

Associate | Research Analyst

Region: Global
Focus: Generalist
5 Years Exp. | Located in Greenwich

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Mr. Ocampo joined Gramercy in February 2019 with 6 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.

Julia Madden

Associate | Research Analyst

Region: Global
Focus: Generalist
3 Years Exp. | Located in Greenwich

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Ms. Madden has 3 years of financial services experience. At Gramercy, Ms. Madden is responsible for researching and recommending investment opportunities for the Credit, Capital Solutions and Special Situations teams.

Prior to Gramercy, Ms. Madden was an Analyst on the Innovation Ventures team at State Street, where she sourced and proposed two joint ventures to the Investment Committee and launched two accompanying analytics products for institutional investors. She also worked with FinTech Sandbox, a Boston-based nonprofit that gives early stage startups access to expensive market data for product development.

Ms. Madden received an MBA from The Wharton School of Business, an MA in International Studies with a concentration in East Asia from the University of Pennsylvania, and a BA in International Studies with concentrations in Political Science and East Asia from Middlebury College, where she graduated Magna Cum Laude. Ms. Madden wrote her graduate thesis on the emerging relations between Saudi Arabia and China. She is fluent in Mandarin Chinese and Spanish.

Corporate Restructurings
Robert Rauch

Partner, Head of Corporate Restructurings

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Mr. Rauch has 40 years of investment experience. He serves as Co-Portfolio Manager for Gramercy Distressed Opportunity Fund III, Gramercy Distressed Opportunity Fund II, Gramercy Credit Opportunities Fund and Gramercy Corporate/High Yield Debt Strategies. Mr. Rauch has been, or is currently involved, as a leading creditor or advisor in the restructuring of numerous companies across emerging markets including Alestra, Arpeni, Asia Pulp and Paper, Banro Corporation, BTA Bank Kazakhstan, Berlian Laju Tanker, China Forestry, Consolidated Minerals, Digicel, Dina, Donbass, Durango, Essar Steel, Far East Shipping, Industrias Unidas, Invermexico, Iusacell, Mechala, Medefin, Metrogas, New World Resources, Odebrecht, Pacific Exploration and Production, Renaissance Insurance, San Luis, Satmex, Tonon Bioenergia, Transtel, Tristan Oil and Ukrlandfarming/Avangard. He is a member of the Global Research Committee and the investment committee for Capital Solutions.

Prior to joining Gramercy at the end of 2000, Mr. Rauch worked as a consultant to hedge funds managed by Van Eck Global and Farallon Capital Management specializing in the analysis of emerging markets special situations. From 1994 to 1999, Mr. Rauch was President of The Weston Group, where he was responsible for overseeing the firm’s securities research and corporate debt advisory business in Latin America. In the early 1990s, Mr. Rauch worked as a Vice President with Lehman Brothers and CS First Boston in their emerging markets fixed income trading groups. In the second half of the 1980s, he was a Vice President and Trader with First Interstate Bank’s Loan Syndications Group, structuring and syndicating loan facilities to highly-leveraged American and Asian corporations. He began his career in 1980 with Swiss Bank Corporation in several credit and corporate finance roles.

Mr. Rauch received a MM in Finance and International Business from Northwestern University – Kellogg Graduate School of Management and his BA in Political Economy from Williams College. Additionally, Mr. Rauch is a member of the American Bankruptcy Institute.

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