Wednesday, 1 October 2014
Last updated 34 min ago
Mar 11 2011 | 11:54am ET
Another hedge fund from Phoenix Investment Adviser is rising. The New York-based firm is preparing to roll out a distressed equities fund next month.
Phoenix has been running the new strategy internally since November 2009, HFMWeek reports. The new fund, which will have an initial capacity of $200 million, will serve as an equities pendant to the firm's existing JLP Credit Opportunity Fund, which invests in distressed debt.
"We feel now is an appropriate time to focus on the equities of these companies because we feel there is more potential upside that in their bonds," Jeff Peskind, chief investment officer, said.
The new fund, JLP Partners, has returned 21.37% this year. Last year, the strategy rose 56.4%.
Phoenix currently has about $275 million in assets under management.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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