Quadrangle benefits from wave of bad news
The managers of the Quadrangle Debt Recovery Fund had good
reason to celebrate the fund's first anniversary on May 1st.
The distressed debt fund had achieved a net return of 12.45%
over the previous 12 months and a return of 14.94%
year-to-date. In fact, since last November, it has generated
returns of at least 2% each month.