Gramercy hires Gilberto Chavez-Velazquez as portfolio manager, with focus on emerging market securities

By Devika Patel

Knoxville, Tenn., April 16 - Gramercy Advisors LLC announced that Gilberto Chavez-Velazquez has joined the firm as a managing director and portfolio manager in its Greenwich, Conn., offices.

Chavez-Velazquez will focus on hedging strategies and trading of emerging market distressed sovereign and corporate securities.

His trading activities will add value to Gramercy's $1.7 billion Gramercy Emerging Market Fund, as well as the $160 million Gramercy Argentina Opportunity Fund and the $390 million specialty finance company, Arco Capital Corp., the investment company said.

Collaborating with co-managing partners Robert Koenigsberger and Jay Johnston as well as the rest of the investment and research team, he will be looked upon to add further depth and capacity to the firm's investment activities. This is a newly created role, in line with Gramercy's commitment to staffing ahead of asset growth, the company added.

Chavez-Velazquez has over 14 years of emerging market experience, including two years at JP Morgan and 10 years on Credit Suisse's emerging markets team. Subsequent to Credit Suisse, he was a portfolio manager at Millennium Partners, focusing on both local and external markets.

Gramercy is an investment advisor with offices in Greenwich, San Juan, Puerto Rico, Sofia, Bulgaria, Singapore and Mexico.

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