Monday, 30 November 2015
Last updated 2 days ago
Oct 23 2012 | 2:29pm ET
High-yield debt specialist Phoenix Investment Adviser has hired Peter Hughes as a senior research analyst.
Hughes comes to Phoenix from Citi Capital Advisors, where he was a director focused on identifying long and short investment opportunities in high-yield and investment-grade cash bonds, credit default swaps and leveraged loans across various sectors—including technology, telecoms, homebuilding and transportation. Prior to that, Hughes worked at Credit Suisse, where he recommended risk management strategies for the company's internal bank loan portfolio and actively invested in the group’s proprietary CDS trading book.
In his new role as part of the Phoenix investment team, he will cover the technology, business services, retail, restaurant, and metals and mining sectors.
Hughes is the most recent of several senior hires Phoenix has made in response to increasing interest from institutional allocators—including a recent $40 million seed investment into its Institutional Credit Opportunity Fund. He will report to Phoenix founder and CIO, Jeffrey Peskind.
“As Phoenix continues to pursue investment opportunities across all sectors, it is critical we fortify our research capabilities. Peter’s comprehensive knowledge of the U.S. debt markets will complement and strengthen our investment team,” said Peskind.
Founded nearly a decade ago, Phoenix focuses on bonds of highly leveraged U.S. companies and manages more than $500 million, $200 million of which it has raised in the past year.
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…