New York (HedgeCo.net) – Hedge fund manager Bandon Capital Management is planning to launch its first mutual fund, the Bandon Isolated Alpha Fixed Income Fund (BANIX). The fund will launch at the beginning of the New Year and is structured to address the two principal risk factors associated with fixed income investing; Interest Rate Risk and Credit Risk.
The new fund will utilize two specialized institutional managers each implementing their strategies in an absolute return fashion:
- Dix Hills Partners, LLC, a $1 billion New York headquartered firm focused on active duration strategies in US Treasury and other sovereign debt markets.
- Logan Circle Partners, LP, an $11 billion Philadelphia headquartered firm focused on absolute return, duration neutral credit strategies.
The fund is looking to provide isolated active decision making within the two principal risk factors associated with fixed income investing. “It appears the 30-year bull market for bonds may be coming to and end and we believe that allocating to fixed income strategies like ours, that have an absolute return orientation, could prove to be timely”, Bill Woodruff, Bandon’s Founder and President said of the launch.
Editing by Alex Akesson
For HedgeCo.net
alex@hedgeco.net
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