Wednesday, 26 October 2016
Last updated 11 hours ago
Jun 26 2012 | 11:33am ET
Discount bond specialist Phoenix Investment Adviser has appointed Credit Suisse vet Rachel Craft as vice president of business development and investor relations.
Craft spent eight years at CS, focused primarily on debt capital markets. She was most recently a high-grade sales executive working with large institutional clients, including insurance companies and traditional asset managers.
In her new role at Phoenix, Craft will focus on expanding the firm’s institutional client base. She will report to Michael Donoghue, company president, and work alongside Paul Lucas, senior vice president.
“Rachel’s in-depth understanding of the debt markets and institutional investors’ unique needs makes her a critical addition to our growing team. Over the last several years, Phoenix has evolved from an emerging manager into a fully realized institutionalized investment platform,” said Jeffrey Peskind, Phoenix founder and chief investment officer. “We expect increased institutional interest in the near-term, especially as investors continue to seek yield in this sustained low-interest rate environment.”
Founded in 2003, Phoenix specializes in deeply discounted, cash-paying bonds and equities. It manages almost $500 million—$200 million of that raised in the past nine months.