Drexel Vets Launch L/S, Long-Only Credit Funds

Boca Raton, Fla.-based Hegemony Capital Management has launched a long/short credit hedge fund and a long-only vehicle to exploit opportunities in the credit markets.

The firm’s Credit Opportunity Fund debuted last month to invest in long-only senior secured first-lien bank debt and triple-C and B-rated bonds that are overpriced in industries that the firm does not invest in, such as retail, transportation and food, according to Gabriel Gengler, executive vice president.