Money Management

Stone Harbor moves to co-CIO structure

Jim Craige, head of emerging markets at Stone Harbor Investment Partners, was named co-chief investment officer, according to a news release from the firm.

Mr. Craige, who will retain his responsibilities overseeing emerging markets, will work alongside Peter Wilby, previously sole CIO and now co-CIO and managing partner.

Also, Marianne Rossi, portfolio manager, high yield and William Perry, emerging markets corporate debt portfolio manager, corporate strategy and asset allocation, have been named co-heads of global high yield, with responsibility in developed and emerging sectors. Matthew Kearns, global credit analyst, will now serve as co-portfolio manager, U.S. high yield, alongside Ms. Rossi.

And Matthew Cottingham, global credit analyst, was named co-portfolio manager, European high yield portfolios, alongside Wei Romualdo, previously sole portfolio manager, and Hunter Schwarz, also a global credit analyst, was named co-portfolio manager, bank loans, alongside Catherine Nolan, previously sole portfolio manager.

A Stone Harbor spokeswoman could not be reached immediately to provide further information.