Sun, Sep 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
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......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali