Kumaran Damodaran joined Stone Harbor Investment Partners as a portfolio manager on its emerging markets debt team, said a spokeswoman.
The role is new. Mr. Damodaran works across local and hard currency strategies, and is part of the team that makes asset allocation decisions.
“With over 15 years of emerging market experience, his skills and knowledge will perfectly complement our existing team,” said Jim Craige, head of emerging markets at Stone Harbor, in a news release.
Mr. Damodaran previously was lead portfolio manager for emerging markets at GLG Partners. A source said Mr. Damodaran’s responsibilities had been taken on by other members of the emerging markets equity team.
Stone Harbor has $48.2 billion in assets under management.
