Wednesday, 10 February 2016
Last updated 6 hours ago
Apr 14 2011 | 1:33am ET
Bandon Capital Management has launched a new fixed-income hedge fund designed to cut down on risk.
The Portland, Ore.-based firm isn’t running the new Isolated Alpha Fixed Income Fund itself, instead appointing a pair of subadvisors. Logan Circle Partners, now owned by Fortress Investment Group, will provide its research-driven credit strategy, with Dix Hills Partners employing a fundamental, systemic active duration strategy, HedgeCo.net reports.
The Isolated fund will be anything but, in its way: It will invest globally.
“When we listen to investors, we hear two primary themes: concern about the risks associated with long-only strategies especially on the heels of 2008 and fear regarding the impact of rising rates on fixed-income portfolios,” managing principal Bill Woodruff said. “We believe this fund represents a solution for both those concerns by having the tactical flexibility to nimbly navigate volatile markets and the philosophical disposition to have no long or short bias.”