Saturday, 28 March 2015
Last updated 12 hours ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…