Phoenix Investment Adviser

Industry: Hedge Funds

Annual Revenue Estimate: $10m+

AUM: $500m-$999m

Email Convention: NA

Overview

Overall Ranking (NA)

The Overall Ranking is a score from 1 star (very bad) to 5 stars (excellent) generated based on the Company Reviews of current and former employees at this company, taking everything into account.

The number you see in the middle of the donut pie chart is the simple average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

The Overall Ranking is generated based on the Company Reviews.

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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

See in Google Maps

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

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