Stone Harbor Announces Portfolio Manager Changes to Stone Harbor Emerging Markets Income Fund
December 04, 2012 at 05:16 pm EST
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Stone Harbor Investment Partners LP announced changes to the portfolio management teams of Stone Harbor Emerging Markets Income Fund which is managed by a team of portfolio managers from Stone Harbor. Effective immediately, the portfolio management team for the fund will be Peter J. Wilby, Pablo Cisilino, James E. Craige, David Griffiths, Angus Halkett, David A. Oliver, William Perry and David Scott.
Virtus Stone Harbor Emerging Markets Income Fund (the Fund), formerly Stone Harbor Emerging Markets Income Fund, is a non-diversified, closed-end management investment company. The Fund's investment objective is to maximize total return, which consists of income and capital appreciation from investments in emerging markets securities. The Fund may invest at least 80% of its net assets (plus any borrowings made for investment purposes) in emerging markets debt. The Fund invests in various sectors, such as Sovereign Hard Currency, Corporate Hard Currency, Sovereign Local Currency, and Corporate Local Currency. The Fund invests in various geographical locations, including Brazil, Argentina, Mexico, South Africa, Russia, Ivory Coast, Colombia, Indonesia, Ghana, Ecuador, Venezuela, Lebanon, Costa Rica, Nigeria, and Kenya. The Fund's investment advisor is Virtus Investment Partners, Inc.