Muzinich Plans High Yield Fund Based On Deutsche Bank Product

Dec 9 2011 | 12:42pm 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.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of

Business Insider has been reporting on the unusual trading activity of a mystery trader who placed a profitable short equity bet to the tune of $21 million on the Aug. 10 move in the CBOE Volatility Index (VIX).