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 change in its portfolio management team. Peter Wilby, CFA, and Kumaran Damodaran, Ph.D., will step down as portfolio managers effective September 30, 2024. The fund, managed by Stone Harbor Investment Partners, will continue to be overseen by a team of experienced portfolio managers, including Jim Craige, CFA, co-chief investment officer and head of emerging markets, Darin Batchman, Richard Lange, David Oliver, CFA, and Stuart Sclater-Booth. This transition in management may impact the fund's investment strategy and performance in the future.

Il Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) ha annunciato un cambiamento nel suo team di gestione del portafoglio. Peter Wilby, CFA, e Kumaran Damodaran, Ph.D., si dimetteranno dai loro ruoli di gestori del portafoglio a partire dal 30 settembre 2024. Il fondo, gestito da Stone Harbor Investment Partners, continuerà ad essere supervisionato da un team di gestori esperti, tra cui Jim Craige, CFA, co-dirigente degli investimenti e responsabile dei mercati emergenti, Darin Batchman, Richard Lange, David Oliver, CFA, e Stuart Sclater-Booth. Questa transizione nella gestione potrebbe influenzare la strategia di investimento e le performance del fondo in futuro.

El Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) anunció un cambio en su equipo de gestión de cartera. Peter Wilby, CFA, y Kumaran Damodaran, Ph.D., dejarán sus cargos como gestores de cartera a partir del 30 de septiembre de 2024. El fondo, gestionado por Stone Harbor Investment Partners, seguirá estando supervisado por un equipo de gestores experimentados, que incluye a Jim Craige, CFA, co-director de inversiones y jefe de mercados emergentes, Darin Batchman, Richard Lange, David Oliver, CFA, y Stuart Sclater-Booth. Esta transición en la gestión podría afectar la estrategia de inversión y el rendimiento del fondo en el futuro.

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF)는 포트폴리오 관리 팀의 변화를 발표했습니다. Peter Wilby, CFA와 Kumaran Damodaran, Ph.D.2024년 9월 30일부터 포트폴리오 매니저 직책에서 물러납니다. Stone Harbor Investment Partners가 관리하는 이 펀드는 Jim Craige, CFA, 공동 투자 책임자이자 신흥 시장의 책임자, Darin Batchman, Richard Lange, David Oliver, CFA, 그리고 Stuart Sclater-Booth를 포함한 경험豊富한 포트폴리오 관리 팀에 의해 계속 감독될 것입니다. 이번 관리 체계의 변화는 향후 펀드의 투자 전략 및 성과에 영향을 미칠 수 있습니다.

Le Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) a annoncé un changement dans son équipe de gestion de portefeuille. Peter Wilby, CFA, et Kumaran Damodaran, Ph.D., vont quitter leurs fonctions de gestionnaires de portefeuille à compter du 30 septembre 2024. Le fonds, géré par Stone Harbor Investment Partners, continuera d'être supervisé par une équipe de gestionnaires de portefeuille expérimentés, y compris Jim Craige, CFA, co-directeur des investissements et responsable des marchés émergents, Darin Batchman, Richard Lange, David Oliver, CFA, et Stuart Sclater-Booth. Cette transition dans la gestion pourrait impacter à l'avenir la stratégie d'investissement et la performance du fonds.

Der Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) gab eine Änderung in seinem Portfolio-Management-Team bekannt. Peter Wilby, CFA, und Kumaran Damodaran, Ph.D., werden zurücktreten und ihre Rolle als Portfolio-Manager zum 30. September 2024 aufgeben. Der Fonds, der von Stone Harbor Investment Partners verwaltet wird, wird weiterhin von einem Team erfahrener Portfolio-Manager überwacht, darunter Jim Craige, CFA, Co-CIO und Leiter der Schwellenmärkte, Darin Batchman, Richard Lange, David Oliver, CFA, und Stuart Sclater-Booth. Dieser Übergang im Management könnte sich zukünftig auf die Anlagestrategie und die Performance des Fonds auswirken.

Positive
  • Continuity in management with experienced portfolio managers remaining
Negative
  • Departure of two key portfolio managers may impact fund strategy and performance

HARTFORD, Conn.--(BUSINESS WIRE)-- Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF), managed by Stone Harbor Investment Partners, today announced that Peter Wilby, CFA, and Kumaran Damodaran, Ph.D., will step down as portfolio managers of the Fund effective September 30, 2024.

Jim Craige, CFA, co-chief investment officer and head of emerging markets, Darin Batchman, Richard Lange, David Oliver, CFA, and Stuart Sclater-Booth remain 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.

Shareholder Services

(866) 270-7788

closedendfunds@virtus.com

Source: Virtus Stone Harbor Emerging Markets Income Fund

FAQ

When will Peter Wilby and Kumaran Damodaran step down as portfolio managers of Virtus Stone Harbor Emerging Markets Income Fund (EDF)?

Peter Wilby and Kumaran Damodaran will step down as portfolio managers of Virtus Stone Harbor Emerging Markets Income Fund (EDF) effective September 30, 2024.

Who are the remaining portfolio managers of Virtus Stone Harbor Emerging Markets Income Fund (EDF)?

The remaining portfolio managers of Virtus Stone Harbor Emerging Markets Income Fund (EDF) are Jim Craige, Darin Batchman, Richard Lange, David Oliver, and Stuart Sclater-Booth.

What is Jim Craige's role in managing Virtus Stone Harbor Emerging Markets Income Fund (EDF)?

Jim Craige, CFA, is the co-chief investment officer and head of emerging markets for Virtus Stone Harbor Emerging Markets Income Fund (EDF).

Virtus Stone Harbor Emerging Markets Income Fund

NYSE:EDF

EDF Rankings

EDF Latest News

EDF Stock Data

153.73M
28.97M
0.02%
18.53%
0.07%
Asset Management
Financial Services
Link
United States of America
New York