Debt Specialist Phoenix Hires Senior Analyst

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.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Why Is The Shipping Industry Underwater?

Jul 31 2014 | 7:31am ET

Anyone who’s taken a look at the global shipping industry recently probably knows...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note