Sunday, 26 April 2015
Last updated 1 day 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…