Description
Stone Harbor Investment Partners (“Stone Harbor” or “SHIP”) is a specialist emerging markets debt manager with a long-standing track record across sovereign and corporate debt strategies. As part of Virtus Investment Partners, Stone Harbor combines the agility of a focused boutique with the resources of a global asset management platform.
The investment team operates a collaborative, team-based portfolio management model, integrating portfolio managers, research analysts, trading, and risk management to support disciplined investment decision-making. The platform emphasizes active management, rigorous sovereign credit analysis, and structured risk management frameworks to deliver consistent, risk-adjusted outcomes across market cycles.
Stone Harbor manages a suite of global emerging markets strategies spanning hard currency, sovereign debt, local markets, and EM credit, supported by deep regional expertise and a global macro perspective.
Role Overview:
Stone Harbor is seeking an experienced Emerging Markets Sovereign Debt Portfolio Manager to join its investment team in either the New York City or London office. This senior role will focus on managing hard currency sovereign debt portfolios while contributing to broader asset allocation decisions across the firm’s emerging markets fixed income platform.
The successful candidate will have direct accountability for portfolio performance, play a leadership role in investment strategy development, and contribute differentiated views within Stone Harbor’s collaborative investment framework.
Key Responsibilities:
Portfolio Management
- Manage EM sovereign hard currency portfolios with accountability for performance
- Implement investment strategies across EM fixed income markets
- Contribute to firm-wide asset allocation decisions
Investment Research & Credit Analysis
- Conduct sovereign credit analysis across macroeconomic and political factors
- Monitor global macro trends and translate into positioning
- Maintain high-conviction investment views
Idea Generation & Relative Value
- Generate investment ideas across allocation, duration, and spreads
- Identify relative value opportunities across markets
- Apply fundamental, technical, and valuation frameworks
Portfolio Construction & Risk Management
- Construct portfolios focused on risk-adjusted returns
- Manage duration, spread, concentration, and liquidity risks
- Conduct attribution and stress testing
Collaboration & Communication
- Partner with analysts, traders, and risk teams
- Contribute to investment committee discussions
- Prepare investment presentations and communications
Required Qualifications:
- Bachelor’s degree required; advanced degree preferred
- CFA preferred
- 10+ years in emerging markets fixed income
- Track record in portfolio management, ideally sovereign hard currency
- Technical expertise with sovereign credit analysis and macro frameworks
- Relative value and portfolio construction expertise
Core Competencies:
- Alpha generation and investment judgment
- Strong risk discipline
- Intellectual curiosity and independent thinking
- Clear communication skills
- Collaborative team orientation
Compensation:
New York, NY: Base salary range of $200,000 – $250,000 USD. Must be authorized to work in the U.S. without sponsorship.
The starting salary offer will vary based on the applicant’s education, experience, skills, abilities, geographic location, internal equity, and alignment with market data. This position is also eligible to participate in the annual incentive plan.
U.K. Work Authorization:
Candidates must currently have and be able to maintain the legal right to work in the United Kingdom without employer sponsorship. Stone Harbor is not offering visa sponsorship, immigration support, or relocation assistance to the United Kingdom for this position; therefore, applicants must already be based in, or independently able to work from, the United Kingdom at the time of hire. Employment eligibility will be verified in accordance with applicable UK right-to-work requirements.
Requirements
Required Qualifications:
- Bachelor’s degree required; advanced degree preferred
- CFA preferred
- 10+ years in emerging markets fixed income
- Track record in portfolio management, ideally sovereign hard currency
- Technical expertise with sovereign credit analysis and macro frameworks
- Relative value and portfolio construction expertise
Core Competencies:
- Alpha generation and investment judgment
- Strong risk discipline
- Intellectual curiosity and independent thinking
- Clear communication skills
- Collaborative team orientation
Compensation:
New York, NY: Base salary range of $200,000 – $250,000 USD. Must be authorized to work in the U.S. without sponsorship.
The starting salary offer will vary based on the applicant’s education, experience, skills, abilities, geographic location, internal equity, and alignment with market data. This position is also eligible to participate in the annual incentive plan.
U.K. Work Authorization:
Candidates must currently have and be able to maintain the legal right to work in the United Kingdom without employer sponsorship. Stone Harbor is not offering visa sponsorship, immigration support, or relocation assistance to the United Kingdom for this position; therefore, applicants must already be based in, or independently able to work from, the United Kingdom at the time of hire. Employment eligibility will be verified in accordance with applicable UK right-to-work requirements.
