The signing of a $75 million accelerator capital with
highly-regarded Chicago-based fund of funds group Grosvenor
marks a major step forward for Nightscape Capital - the
London-based credit and capital structure firm led by
ex-Sandelman and Citadel man Nick Stukas.
Since its inception in September 2010, the Nightscape Global
Value Fund has delivered an excellent and very consistent
performance through a rocky period in credit-related and other
risk asset markets.
The fund is annualising at some 6.5% after its first 20
months of trading - on very low annualised volatility of just
3%, and with minimal (verging on negative) correlation to
credit indices and other benchmarks. Since inception, the
biggest down month is just 1.2% - in a period when credit
markets, and many other credit hedge funds, have shown huge
Nightscape Global Value was nominated for a EuroHedge new
fund of the year award last year on the...