Gramercy Funds Management

Gramercy was founded in 1998 by Robert Koenigsberger, Managing Partner and Chief Investment Officer. The firm is headquartered in West Palm Beach, Florida with additional offices in Connecticut, London, Buenos Aires, Mexico City.{{cite news |last1=Ghosh |first1=Palash |title=Gramercy Funds Management names first president |url=https://www.pionline.com/money-management/gramercy-funds-management-names-tom-humphrey-its-first-president |access-date=22 May 2024 |date=2 March 2023}}

In 2011, the IRS disallowed hundreds of millions of dollars in tax loss claims for Gramercy clients after ruling investments in Brazilian debt were made with the sole economic purpose of generating tax benefits.{{Cite news |last=Morgenson |first=Gretchen |date=2012-12-19 |title=Hedge Fund in Middle of Argentine Debt Battle |url=https://www.nytimes.com/2012/12/19/business/gramercy-funds-in-middle-of-argentinas-debt-battle.html |access-date=2024-07-29 |work=The New York Times |language=en-US |issn=0362-4331}}

Since its establishment in 1998, Gramercy has transitioned from a boutique emerging markets debt firm to become a diversified investment adviser. As of July 2023, the company had multiple hedge funds, separately managed accounts, long-only emerging markets debt, alternative credit, special situations, capital lending/private credit in emerging markets and a multi-asset fund.{{cite news |last1=Arvedlund |first1=Erin |title=Gramercy founder sees more dislocations, volatility |url=https://www.pionline.com/hedge-funds/gramercy-founder-sees-more-dislocations-volatility |access-date=22 May 2024 |date=17 July 2023}}

Gramercy’s private assets strategies include private credit solutions, which lends globally and operates dedicated lending platforms in Mexico, Turkey, Peru, Brazil, Colombia, pan-Africa, and special situations.{{cite news |title=Kudu Investment picks minority stake in emerging markets investment firm |url=https://www.privatebankerinternational.com/news/kudu-investment-minority-stake-gramercy/?cf-view |access-date=22 May 2024 |work=Private Banker International |date=10 June 2022}} Gramercy also has common shares in Frontera Energy Corporation and Atmos Global Energy.{{Cite web |last=LLC |first=Gramercy Funds Management |title=Gramercy Funds Management LLC Reports holdings of Common Shares of Frontera Energy Corporation |url=https://www.newswire.ca/news-releases/gramercy-funds-management-llc-reports-holdings-of-common-shares-of-frontera-energy-corporation-825603453.html |access-date=2024-07-29 |website=www.newswire.ca |language=en}} In November 2024, Gramercy reached a $40m settlement with the Republic of Peru over disputed land bonds.{{Cite web |title=Peru Agrees To Pay Hedge Fund $40M To Settle Bond Dispute - Law360 |url=https://www.law360.com/articles/2259014/peru-agrees-to-pay-hedge-fund-40m-to-settle-bond-dispute |access-date=2024-12-12 |website=www.law360.com |language=en}}

In September 2023, Gramercy Funds provided $552.5m in litigation funding to law firm Pogust Goodhead. It was the largest secured loan ever provided to a UK law firm in the litigation funding market. This deal is expected to make the firm $135 million a year.{{Cite web |date=2024-05-22 |title=Hedge fund betting on class actions banks on $135m profit a year |url=https://www.afr.com/politics/federal/hedge-fund-betting-on-class-actions-banks-on-135m-profit-a-year-20240522-p5jflr |access-date=2024-07-17 |website=Australian Financial Review |language=en}}{{cite news |last1=Masters |first1=Brooke |title=US hedge fund provides record loan for environmental lawsuits |url=https://www.ft.com/content/774f04c3-96a7-484d-826b-7594e98261fa |access-date=22 May 2024 |work=www.ft.com |date=30 September 2023}} In November 2024, it was reported that Pogust Goodhead has returned to Gramercy for additional funding.{{Cite web |date=2024-11-12 |title=Pogust Goodhead goes to financial backers for more cash on top of $550m loan |url=https://www.thelawyer.com/pogust-goodhead-goes-to-financial-backers-for-more-cash-on-top-of-550m-loan/ |access-date=2024-12-12 |website=The Lawyer {{!}} Legal insight, benchmarking data and jobs |language=en-GB}}

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• [http://www.gramercy.com Gramercy Funds Management LLC website]

{{Hedge funds |state=collapsed}}

Category:Hedge fund firms in Connecticut

Category:Financial services companies established in 1998

Category:Companies based in Greenwich, Connecticut