Allan Hong, formerly with the Fortis group, has joined Alexandra Investment Management. In his newly created post at Alexandra, Hong will be joining the firm's team of high-yield analysts. Formerly known as Hermes Capital Management, New York-based Alexandra oversees assets of $700 million across a number of strategies and specializes in convertible bond and relative value.
BlackHawk allows special redemptions
BlackHawk Capital Management allowed for a special redemption period in the wake of a rough ride in April that sent the firm's long/short corporate-bond fund tumbling 14% on the month.
Managing director, Doug Penick, felt the firm owed its investors the