Performance profile: Brigade holds up in rocky markets

Mon Jun 2, 2008



With many multistrategy managers struggling to keep their heads above water, Don Morgan's Brigade Leveraged Capital Structures Fund is outperforming its peers simply by turning in small gains.

In April, the $2.8 billion long/short multistrategy fund, which focuses on high-yield and distressed strategies, returned 0.78%, lifting its year-to-date gain to 1.2%. In comparison, the Absolute Return Multistrategy Index had gained 0.94%, leaving it with a...

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