Phoenix Investment Adviser

Company Details

Strategy

Phoenix was founded by Jeffrey L. Peskind in May 2003 and launched its first private investment fund in September 2003. This fund focuses on high yield cash bonds trading at a deep discount to their principal values due to corporate fundamentals or market factors.

In January 2011, Phoenix launched a lower volatility product focusing on credits that are generally in the senior part of the capital structure and generate high current income. At the same time, the fund strives to preserve investor capital through extensive hedging.

Over the years, Phoenix has been recognized numerous times by the financial community as a top performing fund in the distressed securities category. During our 9-year history, Phoenix has grown to manage almost $600 million and currently employs 17 professionals.

Process

Phoenix focuses on high yield, publicly traded debt. Through deep fundamental analysis and extensive market knowledge, our investment team identifies companies that we believe may generate significant capital gains while producing high current income. Phoenix also looks to capitalize on market inefficiencies where there are vast differences between trading prices and perceived value. We uncover opportunities where credits are trading at discounts to our calculation of intrinsic value, and we utilize our extensive industry contacts to source securities.

Phoenix analyzes prospects across all industries, but focuses on asset rich, positive cash flow companies. We look throughout the capital structure and across asset classes to identify securities with the greatest perceived return potential for each of the Firm's strategies.

Locations

Location

The Graybar Building
420 Lexington Avenue, Suite 2040
New York, NY 10170
United States

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Recent interviews

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Year Position Location Group/Division Experience Difficulty
2012 1st Year Associate New York Positive Average

Phoenix Investment Adviser

Hedge Funds

Est Annual Revenue:
$10m+
AUM:
$500m-$999m

Industry: Hedge Funds