SOURCE: Bandon Capital Management

Bandon Capital Management

April 18, 2011 10:30 ET

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, OR--(Marketwire - Apr 18, 2011) - Bandon Capital Management, LLC, a Portland, Oregon-based investment management firm focused on the Democratization of Alternative Investment Strategies, announced the launch of the Bandon Isolated Alpha Fixed Income Fund (NASDAQ: BANIX), a global absolute return-oriented fixed income strategy. The fund, sub-advised by two institutional specialist investment managers, is intended to be 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 underlying philosophy 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.

The Isolated Alpha name was chosen to highlight several important themes, primarily the concept of "active decision making" within an asset class. Being unconstrained relative to a benchmark, enables 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 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.

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