Fund launches and re-launches: Phalanx Capital strikes strategic partnership with HK-based Vision Investment, re-launches award winning multi-strat fund, Olivant-backed firm to launch long-short Sharia FoHFs, Lehman executive raising assets for new fixed-income hedge fund, R3 Capital Partners, UK start-up Providence A.M. targets Bear Stearns hedge fund clients
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Opalesque Exclusive: Phalanx Capital strikes strategic partnership with HK-based Vision Investment, re-launches award winning multi-strat fund
Phalanx Capital Management of Chicago announced today the re-launch of their award winning volatility multi-strategy fund with a strategic investment from Vision Investment Management of Hong Kong. Together with management?s own capital, Phalanx manages a total of $20 million.
The Fund employs a multi-strategy approach to investing in Asian markets, with a moderate-volatility, absolute return target. The strategy focuses on three specialties: Convertible Arbitrage, Volatility Arbitrage, and Risk Arbitrage, with performance of the Fund best during volatile and unsettled markets.
“Volatile markets are our friends.” states Phalanx founder and portfolio manager, Christopher McGuire. “During times of market dislocation, Phalanx returns outperform the majority of hedge funds, and our re-launch with strategic investment from Vision only makes our business and investment case stronger.” In the first quarter of 2008 the fund returned 10.2%.
With its investment Vision becomes the largest single investor in the Fund. The fund was established in April 2005 with initial capital from the founders.
About Phalanx Capital Management
Phalanx was launched in April, 2005 with $2 million dollars from the principals. The Fund has returned 443.9% since inception, with an average annualized return of 75.9%. In 200...................... To view our full article Click here
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