Peter Wilby, Stone Harbor's Chief Investment Officer, and virtually all 50 partners were with the Salomon Brothers Asset Management unit. Stone Harbor is an independent investment advisory firm, wholly-owned by its partners.
Stone Harbor focuses on Emerging Debt, High Yield Corporate Debt, Global High Yield and Core and Core Plus Fixed Income. Its $8.5 billion in assets under management is comprised of 30 institutional accounts.
Mr. Wilby described this unique start-up by saying "We have very close relationships with our clients, having worked with some of them for nearly 15 years. Our senior investment team has been together since the early 90's. At Stone Harbor we will continue to strive to deliver strong investment returns and focused client service."
Thomas Brock has joined Stone Harbor as Chief Executive Officer. Mr. Brock was previously CEO and Chairman of Salomon Brothers Asset Management during the 1990's. Most recently Mr. Brock was a professor of investment management at Columbia University Graduate School of Business in New York City.
Stone Harbor is currently located at 399 Park Avenue in New York City. An office is presently being established in London to focus on servicing clients domiciled outside the United States.
Notes to editors:
Stone Harbor has over $ 8.5 billion in client assets under management and is a specialty fixed-income manager focusing on Emerging Debt, High Yield Corporate Debt, Global High Yield, Core and Core Plus Fixed Income, and other multi-sector allocation strategies. Our clients are institutional investors, including public and corporate pension plans, insurance companies, financial institutions and governmental entities. Approximately $2 billion in assets is managed for institutional investors outside of the US, predominately in Europe.
Our investment professionals have a long history in managing investment strategies together. For example, they have managed Emerging Debt since 1990, High Yield Corporate Debt since 1992, and multi-sector strategies since 1993.
Stone Harbor will continue to focus on investment solutions for our clients. We seek to deliver alpha in our various product offerings through fundamental research, assisted by quantitative tools. We blend these alphas within our asset allocation strategies to meet a variety of client objectives and needs.
Stone Harbor is registered with the Securities and Exchange Commission (SEC) as an Investment Advisor. An application to be regulated by the Financial Services Authority in the UK is pending.