Morgan Stanley Investment Management Announces Portfolio Management Change for Morgan Stanley Emerging Markets Debt Fund, Inc. and Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
November 15 2021 - 3:15PM
Business Wire
Morgan Stanley Investment Management announced today a portfolio
management change for Morgan Stanley Emerging Markets Debt Fund,
Inc. (NYSE: MSD) and Morgan Stanley Emerging Markets Domestic Debt
Fund, Inc. (NYSE: EDD) (the “Funds”). The Funds are managed by the
Emerging Markets Debt team of Morgan Stanley Investment Management
Inc. (the “Adviser”). The team consists of portfolio managers and
analysts.
The current members of the team jointly and primarily
responsible for the day-to-day management of the Funds are Eric J.
Baurmeister, a Managing Director of the Adviser, Warren Mar, a
Managing Director of Morgan Stanley Investment Management Limited
(“MSIM Limited”) and Sahil Tandon, a Managing Director of MSIM
Limited. Mr. Baurmeister has been associated with the Adviser in an
investment management capacity since 1997. Mr. Baurmeister began
managing the Funds at their inception. Mr. Mar has been associated
with MSIM Limited in an investment management capacity since
February 2020. Prior to February 2020, Mr. Mar was associated with
the Adviser in an investment management capacity from August 2012.
Mr. Mar began managing the Funds in December 2014. Mr. Tandon has
been associated with the MSIM Limited in an investment management
capacity since August 2019. Prior to August 2019, Mr. Tandon was
associated with the Adviser in an investment capacity from 2004.
Mr. Tandon began managing the Funds in October 2015. Effective
immediately, Eric J. Baurmeister will no longer serve as a
portfolio manager of the Funds. Warren Mar and Sahil Tandon will
remain as portfolio managers of the Funds.
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has more than 752 investment
professionals around the world and $1.5 trillion in assets under
management or supervision as of September 30, 2021. Morgan Stanley
Investment Management strives to provide outstanding long-term
investment performance, service and a comprehensive suite of
investment management solutions to a diverse client base, which
includes governments, institutions, corporations and individuals
worldwide. For further information about Morgan Stanley Investment
Management, please visit www.morganstanley.com/im.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing investment banking, securities, wealth management
and investment management services. With offices in more than 41
countries, the Firm’s employees serve clients worldwide including
corporations, governments, institutions and individuals. For more
information about Morgan Stanley, please visit
www.morganstanley.com.
This press release shall not constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of
the securities in any state in which such offer, solicitation or
sale would be unlawful under the securities laws of any such
state.
Investing involves risk and it is possible to lose money on
any investment in the Funds.
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