Friday, 29 August 2014
Last updated 11 hours ago
Jun 30 2010 | 1:03pm ET
Fresh from hiring a new chief investment officer, Odyssey Investment Management is launching a pair of hedge funds.
The New York-based firm has opened its Special Situations Bond and Convertible Bond Opportunities funds to outside investors, HFMWeek reports. Each of the funds has a capacity of between $300 million and $500 million.
Odyssey currently manages about $150 million.
“We are seeing tremendous opportunities in the convertibles space outside the U.S., especially in emerging markets,” CIO Mikhail Filimonov told HFMWeek.
Filimonov has been on the job for just a few days, having joined the year-old hedge fund from his own Alexandra Investment Management last week. Filimonov managed two hedge funds, including a convertible bond fund, at Alexandra, which he founded more than 15 years ago.
“Our nimble approach allows us to capitalize quickly on market dislocations and exploit special situations common in today’s environment,” Filimonov said at the time of his hiring. “We are well-positioned to deploy capital globally as companies’ capital structures evolve in this changing economic climate.”
The firm plans to market the two new funds to investors from around the world.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...