Allspring to Acquire GIA Partners Credit Team

Allspring Global Investments has agreed to acquire the investment team of GIA Partners, LLC, bolstering its global credit capabilities and deepening its presence in emerging markets.

The GIA team is led by founder Eduardo Cortes, a veteran investor with more than four decades of experience across multi-sector fixed income and emerging market debt. The group brings a specialized approach to global credit investing, combining bottom-up country and sector analysis with a factor-based overlay to monitor risk exposures.

“Eduardo and the GIA team have a disciplined investment approach, strong culture, and proven track record in global credit markets that make them an exceptional fit for Allspring,” said Allspring CEO Kate Burke.

Cortes is joined by a senior team of portfolio managers and analysts, including Albert Tseng, deputy CIO overseeing credit analysis and portfolio construction; David Ellis, a high yield specialist; Hamburg Tang, focused on emerging market strategy; and Miguel Escobar, covering commodities, chemicals and energy.

“We felt an immediate cultural alignment with their seasoned and diverse fixed income teams, underpinned by a strong, client-focused investment culture,” said Cortes.

Allspring manages more than $628 billion in assets under advisement and continues to expand its capabilities across fixed income and multi-asset strategies. The transaction is expected to close early in the third quarter.

Pictured: Eduardo Cortes