Monday, 22 September 2014
Last updated 2 days 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.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.