Morgan Stanley Investment Management Announces Portfolio Management Change for Morgan Stanley Emerging Markets Debt Fund, Inc. and Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.

Rhea-AI Summary

Morgan Stanley Investment Management announced a management change for the Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE: MSD) and Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE: EDD). Effective immediately, Eric J. Baurmeister will no longer serve as a portfolio manager. Warren Mar and Sahil Tandon will continue their roles as portfolio managers. Morgan Stanley manages over $1.5 trillion in assets globally as of September 30, 2021, focusing on delivering strong long-term investment performance.

Positive

• Warren Mar and Sahil Tandon remain portfolio managers of the Funds, ensuring continuity in management.

Negative

• Eric J. Baurmeister, who has been with the Funds since inception, is no longer a portfolio manager, which may raise concerns over leadership stability.

NEW YORK--(BUSINESS WIRE)-- Morgan Stanley Investment Management announced today a portfolio management change for Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE: MSD) and Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE: EDD) (the “Funds”). The Funds are managed by the Emerging Markets Debt team of Morgan Stanley Investment Management Inc. (the “Adviser”). The team consists of portfolio managers and analysts.

The current members of the team jointly and primarily responsible for the day-to-day management of the Funds are Eric J. Baurmeister, a Managing Director of the Adviser, Warren Mar, a Managing Director of Morgan Stanley Investment Management Limited (“MSIM Limited”) and Sahil Tandon, a Managing Director of MSIM Limited. Mr. Baurmeister has been associated with the Adviser in an investment management capacity since 1997. Mr. Baurmeister began managing the Funds at their inception. Mr. Mar has been associated with MSIM Limited in an investment management capacity since February 2020. Prior to February 2020, Mr. Mar was associated with the Adviser in an investment management capacity from August 2012. Mr. Mar began managing the Funds in December 2014. Mr. Tandon has been associated with the MSIM Limited in an investment management capacity since August 2019. Prior to August 2019, Mr. Tandon was associated with the Adviser in an investment capacity from 2004. Mr. Tandon began managing the Funds in October 2015. Effective immediately, Eric J. Baurmeister will no longer serve as a portfolio manager of the Funds. Warren Mar and Sahil Tandon will remain as portfolio managers of the Funds.

Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 752 investment professionals around the world and $1.5 trillion in assets under management or supervision as of September 30, 2021. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. For further information about Morgan Stanley Investment Management, please visit www.morganstanley.com/im.

About Morgan Stanley

Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful under the securities laws of any such state.

Investing involves risk and it is possible to lose money on any investment in the Funds.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211115006264/en/

For more information: 800.231.2608

Source: Morgan Stanley Investment Management

FAQ

What recent changes were made to the management of Morgan Stanley Emerging Markets Debt Fund, Inc. (MSD)?

Eric J. Baurmeister is no longer a portfolio manager, while Warren Mar and Sahil Tandon will continue in their management roles.

Who are the current portfolio managers of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (EDD)?

The current portfolio managers are Warren Mar and Sahil Tandon.

What is the total assets under management by Morgan Stanley Investment Management as of September 30, 2021?

Morgan Stanley Investment Management has over $1.5 trillion in assets under management.

When did Eric J. Baurmeister start managing the Funds?

Eric J. Baurmeister began managing the Funds at their inception.