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VanEck's Emerging Markets Fixed Income Investment Team seeks exposure to emerging markets fundamentals, generally characterized by lower debts and deficits, higher growth rates and independent central banks. The strategy can invest in debt securities that are issued by governments, quasi-government entities or corporations, and that may be denominated in any currency, including those of emerging markets. Eric Fine, a veteran of emerging markets, is the primary portfolio manager and is supported by economist, Natalia Gurushina, deputy portfolio managers, Carlos Nogueira and David Austerweil, and senior corporate analyst, Robert Schmieder.
Photo of Eric Fine, Portfolio Manager
Eric Fine
  • Portfolio Manager for the Emerging Markets Fixed Income Strategy
  • Oversees the Emerging Markets Fixed Income Team; responsible for portfolio strategy, credit and market analysis, and security selection
  • Investment Management Team member since 2009
  • Prior to joining VanEck, founded and managed Morgan Stanley's Emerging Markets Proprietary Trading group
  • Previously managed Morgan Stanley's Global Emerging Markets Economics and Strategy research group; established Morgan Stanley's Europe, Middle East, Africa (EMEA) Economics and Strategy research group
  • Advised numerous governments on economic policies and debt profiles; rescheduled sovereign debts in Turkey and the Dominican Republic
  • Established a telecommunications company in Russia that built the country's first securities clearing system for the Harvard Institute for International Development
  • Media appearances include Bloomberg Television; quoted in The Wall Street Journal, Barron's, and Bloomberg, among others
  • Contributing author for Institutional Investor and Barron's
  • MPA, International Trade/Finance, Harvard University
  • BA, Public Policy, Duke University

Photo of David Austerweil, Deputy Portfolio Manager
David Austerweil
  • Deputy Portfolio Manager for the Emerging Markets Fixed Income Strategy
  • Responsible for portfolio management, trade execution, and quantitative investment frameworks; originate both sovereign and corporate investment ideas and research
  • Investment Management Team member since 2012
  • Prior to joining VanEck, a Vice President at ING Financial Services on the Emerging Markets Credit Trading & Structuring desk
  • Previously a member of the portfolio management team at The Rohatyn Group; covered global emerging markets credit; specialized in building quantitative frameworks for the investment process
  • Previously a Director in the Quantitative Financial Research group at Fitch Ratings; built one of the first industry models to statistically quantify the credit risk of U.S. commercial real estate loans
  • Earlier career experience includes an analyst position in the Municipal Finance Department at Goldman Sachs
  • MS, Financial Engineering, Columbia University
  • BA, Computer Science, Columbia University

Photo of Natalia Gurushina, Economist
Natalia Gurushina
  • Economist for the Emerging Markets Fixed Income Strategy
  • Investment Management Team member since 2013
  • Prior to joining VanEck, worked for Roubini Global Economics; responsible for Emerging Markets Currency/Fixed Income and G10 Currency Strategies
  • Previously an analyst at Pantera Capital Management (Tiger Management spin-off)
  • Formerly EMEA economist at Deutsche Bank and Russia/CIS economist at Bankers Trust
  • PhD, Economic History, University of Oxford (England)
  • BA, Economics, Moscow State University (Russia)

Photo of Carlos Nogueira, Deputy Portfolio Manager
Carlos Nogueira
  • Deputy Portfolio Manager for the Emerging Markets Fixed Income Strategy
  • Responsible for operations and trade execution
  • Investment Management Team member since 2009
  • Prior to joining VanEck, Risk Committee member and risk monitor for Emerging Markets, Foreign Exchange, and Strategic trading desks at Morgan Stanley; established a multi-platform trading flows monitoring program
  • Previously managed Morgan Stanley's index and quantitative analysis group for emerging markets and high yield debt; created indices used as benchmarks by Barclays Global Investors
  • Earlier career experience includes a quantitative analyst position for Morgan Stanley’s emerging markets and equity groups
  • PhD, Neuroscience, Boston University
  • MS, Computer Science, National Institute of Space Research
  • BS, Electrical Engineering, Federal University of Minas Gerais (Brazil)

Robert Schmieder, Senior Corporate Analyst
Robert Schmieder
  • Senior Corporate Analyst for the Emerging Markets Fixed Income Strategy
  • Investment Management Team member since 2015
  • Prior to joining VanEck, Executive Director/Head of Latin America Credit Research at BBVA Securities
  • Previously Managing Director/Head of Latin America Corporate Credit Research at HSBC Securities (USA) Inc.
  • Earlier career experience includes similar positions at Calyon/Crèdit Agricole CIB; Bear, Stearns & Co., Inc.; Santander Investment Securites.
  • MBA, International Finance, New York University
  • MA, Spanish Literature, New York University
  • BA, Spanish Language and Literature, New York University