Reported 3 months ago
Gramercy Funds Management is moving towards investment-grade debt from top-rated borrowers in emerging markets as high-yield opportunities diminish. Founder Robert Koenigsberger noted that the firm has shifted its strategy to reduce credit risk by preferring BBB-rated sovereign debt from regions like the Middle East and Panama. Despite a prosperous high-yield bond market, Gramercy is opting for safer investments as it navigates through changing economic conditions.
Source: YAHOO