Mr. Devabhaktuni is an executive vice president in the Newport Beach office and head of corporate distressed portfolio management. Prior to joining PIMCO in 2012, he was founder and managing principal of Monocle Group LLC, an investment firm focused on opportunities in stressed and distressed securities, post-reorganization securities and special situation equities. Previously he was one of three managing principals for 12 years with MHR Fund Management LLC, a New York-based private equity firm specializing in the distressed securities market. Earlier in his career he was an analyst with Highbridge Capital Management LLC and Nomura Securities. He has 20 years of investment experience and holds an undergraduate degree in economics from The Wharton School of the University of Pennsylvania.
Capitalizing on any rebound in the shipping industry will require patience, dedicated long-term capital and a strong understanding of industry fundamentals.
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