Hedge Funds

High-yield analyst Hong joins Alexandra


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