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Alternative Market Briefing

Phoenix Investment Adviser makes a round of new hires after seed investment

Wednesday, October 24, 2012

Bailey McCann, Opalesque New York: Peter Hughes has joined the investment team at Phoenix Investment Adviser as a Senior Research Analyst. Hughes, a CFA charterholder and former director at Citi Capital Advisors is one of several recent hires made by the firm. The hires are the result of a $40m seed investment into Phoenix's Institutional Credit Opportunity Fund, previously reported on by Opalesque. He will oversee a variety of sectors on the investment team, including technology and business services.

Phoenix is a New York-based investment advisor with over $500m in assets under management and specializes in high-yield corporate debt. Founded nearly a decade ago, Phoenix focuses on bonds of highly leveraged US companies and has raised nearly $200m so far this year.

Prior to joining Phoenix, Mr. Hughes was a Director at Citi Capital Advisors, where he 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, telecom, homebuilding, and transportation. He previously 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. Mr. Hughes is a CFA charterholder and holds a Ma......................

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