GREENWICH, Conn., April 17 /Xinhua-PRNewswire/ -- Gilberto Chavez-Velazquez has joined Gramercy Advisors LLC as a Managing Director and Portfolio Manager in their Greenwich, CT offices. Mr. 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 Corporation. 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.
Mr. Chavez-Velazquez has over 14 years of emerging market experience, including 2 years at JP Morgan, and 10 years on Credit Suisse's Emerging Markets team. Subsequent to Credit Suisse, he served as a portfolio manager for Millennium Partners, focusing on both local and external markets.
Established in 1998, Gramercy is an SEC Registered Investment Advisor with nearly $3 billion under management. Gramercy employs an event driven, value oriented strategy seeking to identify and exploit securities that are distressed or that could otherwise benefit from restructuring and that are selling below their intrinsic value. Investment vehicles include emerging markets distressed securities, emerging markets private equity as well as distressed global and emerging market equities. Gramercy has offices in Greenwich, San Juan Puerto Rico, Sofia Bulgaria, Singapore and Mexico.