An expanded focus that includes special situations, such as
event-stressed equities, has lifted the performance of Xerion
Partners' distressed strategy to lofty levels this year. In
May, Xerion Partners II Master Fund returned 5.05% to reach an
outstanding total of 27.57% for the year. That performance far
outpaces the Absolute Return Distressed Index, which gained a
median 1.34% in May to total 6.15% for the year.
One position that has contributed to Xerion's