New hedge fund exploits pricing errors for returns

Muzinich & Co, an international investment firm based in London and New York, has launched a high yield corporate debt hedge fund with seed capital from Fortune Asset Management.

Hedgeyield exploits inefficiencies and mispricings in the high yield corporate bond markets through selective use of leverage and a series of arbitrage strategies, aiming for annual returns of 15% per annum with low volatility in the 3%-5% range

The funds managers intend to generate returns through a combination of income