19 Jan 2012
Pyxis Capital, L.P. has launched a new fund, the Pyxis Alternative Income Fund, with Anchor Capital Management Group, Inc. (“Anchor Capital”) serving as the fund’s sub-advisor.
The new fund invests both long and short across securities benchmarked to high yield corporate bonds, such as ETFs. Unlike traditional long only fixed income strategies, this fund seeks to profit from both rising and falling prices, while maintaining low correlation to traditional benchmarks and minimising volatility through active hedges.
The fund is expected to be classified in the Morningstar® Nontraditional Bond category.
Investment advisor, Anchor Capital, will be using a proprietary strategy and methodology to advise Pyxis on the fund, a method it has been using since 2007.
“With interest rates at historic lows, investors are rethinking their fixed income strategies,” said Eric Leake, Anchor Capital chief investment officer and co-portfolio manager of the Pyxis Alternative Income Fund. “With our focus on capitalising on short, intermediate and long term trends, we provide a liquid alternative to traditional fixed income investing for today’s volatile markets.”
The new fund invests both long and short across securities benchmarked to high yield corporate bonds, such as ETFs. Unlike traditional long only fixed income strategies, this fund seeks to profit from both rising and falling prices, while maintaining low correlation to traditional benchmarks and minimising volatility through active hedges.
The fund is expected to be classified in the Morningstar® Nontraditional Bond category.
“The Pyxis Alternative Income Fund offers mutual fund investors a strategy that until recently was typically only available through exclusive hedge funds and large institutional accounts,” said Joe Dougherty, President of Pyxis Capital. “Adding this option to our family of funds will help us serve the unique needs of our growing client base of investment advisors and individuals who are looking beyond the limitations of a typical fixed income fund.”
Investment advisor, Anchor Capital, will be using a proprietary strategy and methodology to advise Pyxis on the fund, a method it has been using since 2007.
“With interest rates at historic lows, investors are rethinking their fixed income strategies,” said Eric Leake, Anchor Capital chief investment officer and co-portfolio manager of the Pyxis Alternative Income Fund. “With our focus on capitalising on short, intermediate and long term trends, we provide a liquid alternative to traditional fixed income investing for today’s volatile markets.”
Investment advisor, Anchor Capital, will be using a proprietary strategy and methodology to advise Pyxis on the fund, a method it has been using since 2007.
“With interest rates at historic lows, investors are rethinking their fixed income strategies,” said Eric Leake, Anchor Capital chief investment officer and co-portfolio manager of the Pyxis Alternative Income Fund. “With our focus on capitalising on short, intermediate and long term trends, we provide a liquid alternative to traditional fixed income investing for today’s volatile markets.”
