Gracie Asset Management currently manages a family of multi-strategy credit hedge funds with greater than $2 billion of assets under management. Gracie’s flagship funds- the Gracie Credit Opportunities Funds- take a differentiated approach, combining long/short credit with a macro overlay that intends to capitalize on all stages of the credit cycle and generate strong risk-adjusted returns. The funds invest globally in a broad range of instruments, including credit derivatives, bonds, bank debt, structured products, OTC products and indices.
Daniel Nir founded Gracie in 1999 and in 2004, launched the Gracie Credit Funds, which are managed by James Palmisciano (Chief Investment Officer and Portfolio Manager), Manbir Singh (Portfolio Manager), Michael Robertson (Portfolio Manager) and Alex Koundourakis (Head Trader). Gracie became a subsidiary of Moelis & Company in 2010 and is based in New York.