John Peta joined Old Mutual Global Investors as head of emerging markets debt, a spokeswoman said.
The position is new, and Mr. Peta reports to Christine Johnson, head of fixed income. Starting April 20, Mr. Peta will manage the firm’s $150 million local currency emerging markets debt fund, currently subadvised by Stone Harbor Investment Partners. The spokeswoman said Stone Harbor’s emerging markets debt team has managed this fund since its 2011 launch. After April 20, Stone Harbor will no longer subadvise the fund.
Stone Harbor will continue to manage the $250 million Old Mutual Emerging Market Debt Fund, “although we are reviewing and may announce changes at a later date,” the spokeswoman said. Stone Harbor also subadvises some of the firm’s multiasset funds — “there will be no change there,” she said.
Mr. Peta was previously a fund manager and co-head of emerging markets debt, alongside Henry Stipp, at Threadneedle Investments. A Threadneedle spokeswoman said Mr. Peta left in February 2014. “We have a well-resourced, global EMD team of 11 investment professionals based in London, Minneapolis, Singapore and Kuala Lumpur. (Mr.) Stipp heads up the London EMD desk,” the spokeswoman said in an e-mail.
