Founded in 2004, Gracie Asset Management (“Gracie”) currently manages a growing family of multi-strategy credit hedge funds. Gracie’s flagship funds, the Gracie Credit Opportunities Funds (the “Funds”), seek to provide above-average risk-adjusted returns and preserve capital under varying market conditions while maintaining uncompromising integrity and transparency across the business.
Gracie’s differentiated investment approach combines long/short investing across the credit spectrum with a macro overlay designed to capitalize on all stages of the credit cycle. Gracie’s investment process is driven by a rigorous, bottom-up approach to fundamental research focused on identifying idiosyncratic investment opportunities balanced by a top-down macro overlay used to insulate the portfolio across business cycles. The Funds invest globally in a broad range of instruments, including credit derivatives, bonds, bank debt, structured products, OTC products and indices.
The Funds are managed by James Palmisciano (Chairman and Chief Investment Officer), Michael Robertson (Portfolio Manager), and Alex Koundourakis (Head of Credit Trading). Gracie Asset Management was acquired by and became part of the asset management business of Moelis Asset Management (formerly Moelis & Company Holdings LP) in 2010 and is based in New York.