New York-based registered investment advisor, Phoenix Investment Adviser, is offering its second hedge fund to outside investors, HFMWeek reports. The JLP Partners Fund will open to outside investors after running internally since November 2009. The portfolio will roll out in Aril 2011 with an initial capacity of $200 million. The offering, similar to the flagship JLP Credit Opportunity Fund, looks at the same companies on the equities side.

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