Peter Hughes Bailey McCann, Opalesque New York:
Phoenix Investment Adviser, a New York-based private investment firm continues to grow with a recent announcement that the firm has added $200m in assets, accounting for some 40% of year-over-year growth. As of December 2012, the firm now manages over $530m.
Opalesque first reported on Phoenix Investment Adviser, when its employee-funded JLP Institutional Credit Fund, received $40m in seed capital from a large European bank. Phoenix is known for its flagship JLP Credit Opportunity Fund which invests in deeply discounted, stressed high yield bonds. Since then, the firm has also announced several new hires including, the appointments of Peter Hughes, formerly of Citi Capital Advisors to Senior Research Analyst, and now Alex Duncan, previously managing director at Par-Four Investment Management, to Senior Research Analyst.
Duncan will be covering the healthcare, chemicals, power, and shipping sectors. Mr. Duncan will report to Phoenix's founder and CIO, Jeffrey Peskind. In his previous role, he focused on long and short principal investments across the high yield, leveraged loan and distressed markets. His responsibilities included representation on bankruptcy court creditor committee......................
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