STOCK TITAN

Virtus Stone Harbor Emerging Markets Income Fund Announces Portfolio Manager Update

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) announced a portfolio management change. David A. Oliver, CFA, will step down as portfolio manager effective December 31, 2024. The fund will continue to be managed by the remaining portfolio managers: Jim Craige, CFA (co-chief investment officer and head of emerging markets), Darin Batchman, Richard Lange, and Stuart Sclater-Booth.

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) ha annunciato un cambiamento nella gestione del portafoglio. David A. Oliver, CFA, si dimetterà da gestore del portafoglio a partire dal 31 dicembre 2024. Il fondo continuerà essere gestito dai restanti gestori del portafoglio: Jim Craige, CFA (co-chief investment officer e responsabile dei mercati emergenti), Darin Batchman, Richard Lange, e Stuart Sclater-Booth.

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) anunció un cambio en la gestión de la cartera. David A. Oliver, CFA, dejará su cargo como gestor de cartera a partir del 31 de diciembre de 2024. El fondo seguirá siendo administrado por los demás gestores de cartera: Jim Craige, CFA (co-chief investment officer y jefe de mercados emergentes), Darin Batchman, Richard Lange y Stuart Sclater-Booth.

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF)가 포트폴리오 관리 변경을 발표했습니다. David A. Oliver, CFA가 2024년 12월 31일자로 포트폴리오 매니저직에서 물러납니다. 이 펀드는 나머지 포트폴리오 매니저인 Jim Craige, CFA (공동 최고 투자 책임자 및 신흥 시장 책임자), Darin Batchman, Richard Lange, 그리고 Stuart Sclater-Booth에 의해 계속 관리될 것입니다.

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) a annoncé un changement dans la gestion de portefeuille. David A. Oliver, CFA quittera son poste de gestionnaire de portefeuille à compter du 31 décembre 2024. Le fonds continuera d'être géré par les autres gestionnaires de portefeuille : Jim Craige, CFA (co-directeur des investissements et responsable des marchés émergents), Darin Batchman, Richard Lange et Stuart Sclater-Booth.

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) hat eine Änderung in der Portfolioverwaltung bekannt gegeben. David A. Oliver, CFA wird zum 31. Dezember 2024 als Portfoliomanager zurücktreten. Der Fonds wird weiterhin von den verbleibenden Portfoliomanagern verwaltet: Jim Craige, CFA (Co-Chief Investment Officer und Leiter der Schwellenmärkte), Darin Batchman, Richard Lange und Stuart Sclater-Booth.

Positive
  • Continuity of management with four experienced portfolio managers remaining
Negative
  • Loss of key portfolio manager David A. Oliver

HARTFORD, Conn.--(BUSINESS WIRE)-- Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF), managed by Stone Harbor Investment Partners, today announced that David A. Oliver, CFA, will step down as a portfolio manager of the Fund effective December 31, 2024.

Jim Craige, CFA, co-chief investment officer and head of emerging markets, Darin Batchman, Richard Lange, and Stuart Sclater-Booth remain as portfolio managers of the Fund.

About the Fund

Virtus Stone Harbor Emerging Markets Income Fund is a non-diversified, closed-end management investment company that is managed by Stone Harbor Investment Partners. The Fund's primary investment objective is to maximize total return, which consists of income and capital appreciation on its investments in emerging markets securities. There is no assurance that the Fund will achieve its investment objective.

For more information on the Fund, contact shareholder services at (866) 270-7788, by email at closedendfunds@virtus.com, or through the Closed-End Funds section of virtus.com.

About Stone Harbor

Stone Harbor Investment Partners, a division of Virtus Fixed Income Advisers, LLC, 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 strategies including emerging markets debt, global high yield, bank loans, as well as multi-sector credit products including unconstrained and total return approaches. 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. Founded in 2006, it is based in New York City with additional offices in London and Singapore. Virtus Fixed Income Advisers, LLC is a registered investment adviser affiliated with Virtus Investment Partners. For more information, visit shipemd.com.

About Virtus Investment Partners, Inc.

Virtus Investment Partners (NYSE: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. We provide investment management products and services from our affiliated managers, each with a distinct investment style and autonomous investment process, as well as select subadvisers. Investment solutions are available across multiple disciplines and product types to meet a wide array of investor needs. Additional information about our firm, investment partners, and strategies is available at virtus.com.

For Further Information:

Shareholder Services

(866) 270-7788

closedendfunds@virtus.com

Source: Virtus Stone Harbor Emerging Markets Income Fund

FAQ

When will David Oliver step down as portfolio manager of Virtus Stone Harbor Fund (EDF)?

David A. Oliver, CFA, will step down as portfolio manager of the Virtus Stone Harbor Emerging Markets Income Fund (EDF) effective December 31, 2024.

Who will manage EDF fund after David Oliver's departure?

The fund will continue to be managed by Jim Craige (co-chief investment officer and head of emerging markets), Darin Batchman, Richard Lange, and Stuart Sclater-Booth.

How many portfolio managers will remain at EDF after Oliver's departure?

Four portfolio managers will remain: Jim Craige, Darin Batchman, Richard Lange, and Stuart Sclater-Booth.

What is Jim Craige's role in managing the EDF fund?

Jim Craige serves as co-chief investment officer and head of emerging markets for the Virtus Stone Harbor Emerging Markets Income Fund.

Virtus Stone Harbor Emerging Markets Income Fund

NYSE:EDF

EDF Rankings

EDF Latest News

EDF Stock Data

136.52M
28.97M
0.02%
18.53%
0.07%
Asset Management
Financial Services
Link
United States of America
New York