MutualFundWire.com: A Portland Fund Shop Offers a Hedge-Like Fund
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Wednesday, April 13, 2011

A Portland Fund Shop Offers a Hedge-Like Fund


Portland, Oregon-based Bandon Capital Management, LLC has launched the Bandon Isolated Alpha Fixed Income Fund, a global absolute return-oriented fixed income strategy. The MFWire previously reported on the fund's impending launch.

The fund has the flexibility to invest across global fixed income securities and sectors including strategies that go both long and short. Its subadvisors include: Logan Circle Partners, LP, a $12-billion, Philadelphia-based, credit specialist and institutional fixed income manager (which is a wholly owned subsidiary of alternative investment shop Fortress Investment Group, LLC); and Dix Hills Partners, a $1-billion, New York-based, institutional alternatives manager.

“When we listen to investors we hear two primary themes -- concern about the risks associated with long only strategies especially on the heels of 2008 and fear regarding the impact of rising rates on fixed income portfolios” stated Bill Woodruff, managing principal of Bandon. “We believe this fund represents a solution for both those concerns by having the tactical flexibility to nimbly navigate volatile markets and the philosophical disposition to have no long or short bias”.
BANDON LAUNCHES ABSOLUTE RETURN LONG-SHORT FIXED INCOME MUTUAL FUND · Potential Solution for Rising Interest Rates · Possible Alpha Solution for Alpha Beta Separation Advisors · Two Institutional Specialist Sub-Advisors PORTLAND, April 12, 2011 - Bandon Capital Management, LLC, a Portland, Oregon based investment management firm focused on the Democratization of Alternative Investment Strategies, is pleased to announce the launch of the Bandon Isolated Alpha Fixed Income Fund (BANIX), a global absolute return-oriented fixed income strategy. The fund, sub-advised by two highly regarded institutional specialist investment managers, is intended to be an “all season” strategy for investors seeking consistent returns through all market environments. In the pursuit of its objectives the fund has the flexibility to invest in an unconstrained fashion across global fixed income securities and sectors including strategies that go both long and short in an attempt to capitalize on market opportunities in both directions. The philosophy underlying the strategy is to incorporate an absolute return approach in the management of the two principal risk/return drivers for fixed income investing - interest rates and credit – within predefined exposure bands and a rigorous, quantitative risk management framework. Logan Circle Partners, LP, is a $12 billion Philadelphia based, institutional, credit specialist fixed income manager, and a wholly owned subsidiary of Fortress Investment Group, LLC (FIG). The manager follows a bottom up, research driven, duration neutral, global unconstrained multi-sector absolute return credit strategy comprised of their best ideas across liquid credit markets. Dix Hills Partners, LLC, is a $1 billion New York based, institutional alternative investment manager focused on active duration strategies in developed sovereign markets. The manager follows a fundamentally based, systematized, credit neutral (excluding sovereign credit risk), directional active duration strategy focused on the US, UK, German and Japanese markets. The Isolated Alpha name was chosen to highlight several important themes, primarily the concept of “active decision making” within an asset class. By selecting an absolute return approach the strategy becomes unconstrained relative to a benchmark, thereby enabling tactical responsiveness to changing market environments with greater potential for risk managed results. “When we listen to investors we hear two primary themes - concern about the risks associated with long only strategies especially on the heels of 2008 and fear regarding the impact of rising rates on fixed income portfolios” said Bill Woodruff, Managing Principal of Bandon. “We believe this fund represents a solution for both those concerns by having the tactical flexibility to nimbly navigate volatile markets and the philosophical disposition to have no long or short bias”. About Bandon Bandon Capital Management is a private, Portland, Oregon based investment management firm focused on the democratization of alternative investment strategies. Alternative strategies possess valuable investment characteristics – specifically an absolute return vs. a relative return orientation and a lack of correlation to traditional financial markets. Historically these characteristics have only been available to elite investors in private partnership structures. Bandon believes that investments that contain these characteristics are valuable to all investors and offers convenient access to institutional strategies through Bandon mutual funds and separate accounts. Alternative investment characteristics + convenient delivery vehicles - Bandon Capital Management. For more information visit www.bandonalts.com. Media Contact: Mike Miller 503-477-8100 mike@bandonalts.com


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