Alcentra’s specialist structured credit strategy, focused exclusively on investing in undervalued collateralised loan obligations, is having a strong year so far in 2011 – extending the excellent track record that it has maintained since launching almost two years ago.
The Alcentra Structured Credit Opportunity Fund has returned 26.80% for the first six months of the year, which follows a return of nearly 47% in 2010. Launched in September 2009, the fund made an impressive 68% in the remaining four months of that year.
Overall, the strategy is annualising at 86.41% since inception. And it is currently vying with another high-flying credit fund, Toro Capital, for top spot in the EuroHedge credit peer group on a year-to-date basis. Overall, the credit index is up less than 4% so far this year.