Phoenix Investment Adviser, a USD657m investment firm focused on high-yield US corporate debt, has initiated a soft close of its flagship JLP Credit Opportunity Fund. It will accept new investors until 1 July. After that, the fund plans to protect existing investors by not allowing
Conor Houlihan (pictured), a partner with law firm Dillon Eustace in Dublin, says Ireland’s National Asset Management Agency scheme to acquire distressed assets from five Irish banks highlights not only opportunities for international investors in the country’s domestic market but
Luca Paolini (pictured), Chief Strategist at Pictet Asset Management, explains why markets will enter a new phase in 2014… In our view, 2014 will see markets enter a distinct new phase, one in which central bank liquidity – for so
Sentry Select Capital has proposed to merge several of its funds. Sentry will be terminating the Sentry Select Commodities Income Trust and Oil Sands and Energy Mega-Projects Trust. They will be merged into the Sentry Energy Growth and Income Fund.
Mariner Investment Group, an alternative asset manager, has launched the Mariner Incubation Fund, a multi-strategy fund to be managed by investment talent from across the hedge fund industry. Eric Pellicciaro, former head of global rates investments at BlackRock,
British Virgin Islands-based investment manager Bluenose Capital Management is on schedule to launch its managed foreign exchange programme, Bluenose FX, on 1 November. The systematic forex programme is aimed at US qualified eligible persons as defined within CFTC rule 4.7
The Blackstone Group’s economic net income was USD339.3m for the third quarter of 2010, an increase of USD63.9m from USD275.3m, or 23 per cent, for the third quarter of 2009. Economic net income was USD904.9m for the nine months ended
The Lyxor Hedge Fund Index was up 0.62 per cent in March, bringing year-to-date performance to 2.36 per cent. A total of 10 Lyxor Strategy Indices out of 14 ended the month in positive territory, led by the Lyxor
Hennessee Group, a consultant and adviser to direct investors in hedge funds, believes the spike in correlation between individual stocks has made alpha generation a challenge in 2010, particularly for fundamentally based long/short equity hedge funds. Charles Gradante, co-founder of
Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, are up 5.98 per cent year-to-date as of 30 September. The positive performance has catapulted the industry past its previous high water mark, with the index officially
