Gramercy Funds Management, a USD5.7 billion emerging markets investment manager, has appointed Chris Tackney (pictured) as managing director and co-head of the Gramercy trading desk.
Tackney has over 20 years of trading and portfolio management experience in emerging markets and will co-head the trading desk with Matt Maloney, managing director.
Both Tackney and Maloney report directly to Robert Koenigsberger, managing partner and chief investment officer.
Tackney, along with Maloney, will manage a trading desk that encompasses performing and distressed corporates, sovereigns, equities, credit default swaps and currency hedges. Together, they serve as key members of the portfolio management team.
Tackney is also charged with building and maintaining effective relationships with the Street in order to facilitate firm-wide trade execution, asset sourcing, new issue allocations, and idea generation. He will also serve as a member of the investment committee.
Koenigsberger says: "Gramercy has been evolving and expanding the responsibilities of the trading desk in an effort to stay ahead of the ever-changing complexities of global markets. We are pleased to have Matt and Chris working together to enhance our trading desk and add value to our investment process."
Maloney says: "Chris and I previously worked together at Credit Suisse, so I know first-hand that he is a talented, hardworking individual who will be an asset to the team on the trading desk. I am excited to be working with him again and I am confident that together we will make a meaningful contribution to portfolio returns."
Prior to joining Gramercy, Tackney was Managing director, head of trading at Greylock Capital. Before Greylock, Tackney was senior portfolio manager for emerging market corporate bonds at Schroder Investment Management with responsibility for global EM corporate investments. Earlier in his career Tackney worked at Credit Suisse, Black River Asset Management, BlackRock Advisors and TIAA-CREF.
"I am very excited to be a part of this seasoned EM team. Gramercy has an excellent reputation, driven in part by its commitment to delivering attractive risk-adjusted returns and I look forward to playing an active role," says Tackney.