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Our Company
- Our Capabilities
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Our Thinking
Articles
- Navigating credit markets with a sailor’s mindset
- Power surge
- Investing amid Korea’s economic transformation
- Five reasons we are positive on EM equities
- Pricing fatigue: First the consumer, now signs of deterioration elsewhere?
- Private equity: from niche to necessity
- Dollar downer – what next for GBP investors?
- Global equities and the evolving world order
- Active Thinking: Presidential strains, residential gains
- Q2 Multi-asset perspectives: Chaos and calm
- News & Media
At Gramercy, we believe we have a better approach to emerging market debt investing.
Our Edge
Long track record
Gramercy has been running long only, alternative and multi-asset strategies across a broad spectrum of emerging market asset classes for more than 25 years.
Five core pillars
Thematic top-down view, proprietary bottom-up research, integrated risk management, integrated ESG concept, and unique emerging markets experience.
Global platform
Gramercy is a global asset management firm with more than 70 employees in offices across six locations.
Competitive advantages
The investment process, “A better approach to emerging markets”, offers a number of competitive advantages including top-down themes and directional market views by market stalwarts, original research by industry experts, and a broad spectrum public/private issuer approach in analysing capital structures.Investmentteam
Philosophy and Process
Reasons to Invest
Key Risks
Capital at Risk
: All financial investments involve an element of risk. Therefore, the value of the investment and the income from it will vary and the initial investment amount cannot be guaranteed.
Counterparty or Derivatives Risk
: If a counterparty to a financial derivative contract were to default, the value of the contract, the cost to replace it and any cash or securities held by the counterparty to facilitate it, may be lost. The use of derivatives may create leverage, which can magnify both gains and losses; even small market movements can therefore result in proportionally larger changes in the Fund’s value, including the risk of significant loss of capital.
Credit Risk / Debt Securities
: Bonds may be subject to significant fluctuations in value. Bonds are subject to credit risk and interest rate risk.
Currency Risk - Non Base Currency Share Class
: Non-base currency share classes may or may not be hedged to the base currency of the Fund. Changes in exchange rates will have an impact on the value of shares in the Fund which are not denominated in the base currency. Where hedging structures are in place, they aim to reduce but may not fully eliminate currency risk.
Interest Rate Risk
: A rise or fall in interest rates causes fluctuations in the value of fixed income securities, which may result in a decline or an increase in the value of such investments.
Leverage Risk
: Derivatives may multiply the exposure to underlying assets and expose the Fund to the risk of substantial losses.
Market Risk / Emerging Markets
: Emerging markets will generally be subject to greater political, market, counterparty and operational risks.
List Not Exhaustive
: This list of risk factors is not exhaustive. Please refer to the relevant Fund’s prospectus.
Our Thinking
Active Thinking
Navigating credit markets with a sailor’s mindset
09 September 2025 | Gregoire Mivelaz
As investors increasingly seek to diversify away from the US, demand for European credit is surging. Grégoire Mivelaz, Fund Manager at Atlanticomnium, who co-manages GAM’s Credit Opportunities strategies, emphasises the importance of active management, deep experience and disciplined positioning in subordinated debt investing.
Multi Asset Blog
So much for summer doldrums
02 September 2025 | Julian Howard
With a summer sizzle, stock markets have defied the usual seasonal doldrums, with the S&P setting record highs amid rate cut hopes. But with the Fed's independence under pressure, could inflation risks and consumer jitters bring a pre-winter chill for markets?
Fund Information
Contact Us
Contacts
Please visit our Contacts and Locations page.
Disclaimer: Past performance is not an indicator of future performance and current or future trends. The indications could be based on figures denominated in a currency that may be different from the currency of your residence country and therefore the return may increase or decrease as a result of currency fluctuations. Capital at risk: all financial investments involve an element of risk. Therefore, the value of the investment and the income from it will vary and the initial investment amount cannot be guaranteed. Any reference to a security is not a recommendation to buy or sell that security.