Meraki Global Advisors adds credit expertise in hire of ex-Loomis trader

Meghan Siripurapu joined Meraki Global Advisors as managing director of credit and fixed income trading, adding a depth of experience as the firm continues to build out its offerings.

Meraki previously traded in credit and fixed income at the global level with its multi-asset traders, but the firm now has a dedicated person in place with the addition of Siripurapu at its headquarters in Park City, Utah. She joins from Loomis, Sayles & Co., where she was a senior trader in the firm’s Boston offices.

The COVID-19 pandemic brought with it a shift in trading desk operations as traders found themselves tackling a volatile market and recreation controls outside of the trading room and in the confines of their homes.

“I think everyone was surprised how seamless the transition was and how easily accessible everyone was – from portfolio managers to research analysts to traders,” said Siripurapu. “The encouraged me to re-evaluate the industry and think of how the trading function would look in the future.”

She decided to relocate her family to Utah and her vision aligns with that of Meraki in providing premium and bespoke client services to underserved institutional investors in credit and fixed-income markets, which she is passionate about.

“Outsourced trading is well established in equity markets,” she said. “Expanding this service offering to fixed-income investors will give small to mid-sized insurance companies, pension funds, family offices, bank and other fixed income investors access to market liquidity, overseas markets, and information that is predominantly allotted to the dominant market players.”

According to Meraki, they are seeing increased interest in the fixed-income and credit arena and have a client base of hedge funds and long-only managers. The average size of the firm’s hedge fund managers is roughly $1 billion.

They are also helping some new emerging managers pre-launch, who handle smaller amounts of capital initially. According to Michael Ashby, managing director of Meraki, the firm plans to open a new office in Hong Kong over the summer.

Meanwhile, back in Utah, Siripurapu brings with her over fifteen years of experience in fixed-income markets and has held various leadership positions on both the buy and sell side.

She tells of her parent’s experience immigrating from India to the U.S. in the 1970s in search of new opportunities in rural Pennsylvania. She has said that her drive for excellence derives from the influence and experience her parents set for her and her sisters.

“I always admired how much my parents sacrificed to start a life in America and how hard they worked to provide us with opportunities they did not have growing up,” said Siripurapu.  This drive led her to pursue a dual degree from the Wharton School and College of Arts and Sciences at the University of Pennsylvania.

She added that she is thrilled to be part of the Meraki team and continue her efforts working closely with the fixed income community.

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