Pyxis Capital Launches Alternative Income Fund

Jan 17 2012 | 1:47pm ET

Dallas-based investment advisor Pyxis Capital, which spun out of Highland Capital Management in early 2012, has launched an alternative income fund with Anchor Capital Management as sub-advisor

The Pyxis Alternative Income Fund invests both long and short across securities benchmarked to high-yield corporate bonds, such as ETFs, and expects to take its place in Morningstar’s “Nontraditional Bond” category.

“The Pyxis Alternative Income Fund offers mutual fund investors a strategy that until recently was typically only available through exclusive hedge funds and large institutional accounts,” said Joe Dougherty, president of Pyxis Capital, in a statement. “Adding this option to our family of funds will help us serve the unique needs of our growing client base of investment advisors and individuals who are looking beyond the limitations of a typical fixed income fund.”

The fund will deploy Anchor Capital’s proprietary strategy and methodology, in place since 2007.

“With interest rates at historic lows, investors are rethinking their fixed income strategies,” said Eric Leake, Anchor Capital CIO and co-portfolio manager of the fund. “With our focus on capitalizing on short, intermediate and long term trends, we provide a liquid alternative to traditional fixed income investing for today’s volatile markets.”

Launched in 1994, Anchor Capital Management is an employee-owned, registered investment advisor based in Irvine, California, with over $265 million of assets under management and advisement. The firm specializes in alternative fixed income and global long/short equity strategies.

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