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Bloomberg seems to be mixing apples and oranges. Its graphic makes clear that it is talking about two funds, including SHLMX, and asserts that each fund has around $6B AUM. But all the references I cited above (including Bloomberg's) give the fund's size as $1B.
Stone Harbor has another EM debt fund, SHMDX, with nearly twice the AUM ($1.8B). And it manages other EM debt funds as well. So its total EM debt AUM may be in the $6B range, but not with any one fund alone. Bloomberg didn't even pick their largest EM bond fund for the article, though it did pick the one closest in type to PIMCO's (local currency).
Comments
Bloomberg Snapshot: http://www.bloomberg.com/quote/SHLMX:US
Official Sept. 30th holdings: http://www.shiplp.com/wp-content/uploads/INST_EMLC-Monthly-Holdings-9.30.2015.pdf
Bloomberg seems to be mixing apples and oranges. Its graphic makes clear that it is talking about two funds, including SHLMX, and asserts that each fund has around $6B AUM. But all the references I cited above (including Bloomberg's) give the fund's size as $1B.
Stone Harbor has another EM debt fund, SHMDX, with nearly twice the AUM ($1.8B). And it manages other EM debt funds as well. So its total EM debt AUM may be in the $6B range, but not with any one fund alone. Bloomberg didn't even pick their largest EM bond fund for the article, though it did pick the one closest in type to PIMCO's (local currency).