NEW YORK, June 26, 2012 /PRNewswire/ -- Phoenix Investment Adviser today announced it has appointed Rachel Craft as Vice President of Business Development and Investor Relations. In this role, Ms. Craft will support Phoenix's growing investor base and its commitment to enhancing its institutional-quality infrastructure.
Phoenix is a private investment firm specializing in deeply discounted, cash-paying bonds. It manages nearly $500 million and has raised approximately $200 million in the last nine months alone. Ms. Craft will report to Phoenix's president, Michael Donoghue, and will work alongside senior vice president Paul Lucas.
"Rachel's in-depth understanding of the debt markets and institutional investors' unique needs makes her a critical addition to our growing team. Over the last several years, Phoenix has evolved from an emerging manager into a fully realized institutionalized investment platform," said Jeffrey Peskind, Phoenix's founder and chief investment officer. "We expect increased institutional interest in the near-term, especially as investors continue to seek yield in this sustained low-interest rate environment."
Prior to joining Phoenix, Ms. Craft worked for eight years at Credit Suisse, where she primarily focused on the debt capital markets. She was most recently a high-grade sales executive working with large institutional clients, including insurance companies and traditional asset managers. She holds a B.A. in Finance from the University of Michigan. She also holds her Series 7 and 63.
About Phoenix Investment Adviser
Phoenix Investment Adviser, LLC is an SEC-registered investment advisor focusing on deeply discounted, cash paying bonds and equities. The firm was founded by Jeffrey L. Peskind in May 2003 and launched its first investment program in September 2003. After working for more than 15 years in the high yield and credit markets, he believed an investment vehicle focused strictly on "stressed" companies offered an excellent risk/reward opportunity. Headquartered in New York, Phoenix has nearly $500 million in assets under management.
SOURCE Phoenix Investment Adviser