Despite the challenging markets that credit funds faced in
October, the $1 billion MacKay Shields long/short strategy
managed to stay just above water, netting 0.05% and bringing
its year-to-date performance to 2.51%.
That's well above the benchmark CSFB High Yield Index, which
lost 0.94% in October for a year-to-date sum of 0.72%. It also
comes at a time when uncertainty over energy prices and