Monday, 24 November 2014
Last updated 55 min ago
Dec 9 2011 | 11:42am ET
Muzinich & Co. will launch a long/short credit fund early next year.
The new fund will employ the same high-yield strategy Muzinich currently uses for a Deutsche Bank fund it sub-advises. The new HedgeYield Fund is expected in the first quarter.
"The genesis of this fund is something our investors have been asking us to do," co-manager Jason Horowitz told Hedge Funds Review. "Based on the fact that investors tell us our track record has been very good, we feel it has been very marketable. We think high yield is an attractive asset class and now is a good time to launch this fund."
Clinton Comeaux is the other co-manager.
The strategy, part of Deutsche Bank's X-market platform since 2004, has outperformed its benchmarks since its debut and is up 9.35% this year. The new fund will be domiciled in Ireland.
HedgeYield will have a US$1 million minimum investment requirement and will be available in U.S. dollars, Swiss francs, euros and pounds sterling.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...