Monday, 30 November 2015
Last updated 4 hours 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…