The Outlier: Candlewood reaps credit gains
By Simone Foxman
Tue Jul 8, 2014
Non-mortgage securities an increasing portion of portfolio.
||Portfolio managers Brian Herr (L), Greg Richter
(R) and analyst Judy Sun (C) pictured at Absolute
Return’s 2011 Awards dinner
(Photo: John Marolakos)
Profiting from bank deleveraging is one reason the $2.8
billion Candlewood Investment Group’s
Structured Credit Harvest Fund was selected for this
month’s installment of "The Outlier," a feature
which highlights a fund that has strongly outperformed its
The approximately $600 million fund generated a return of
1.30% in May, putting its investors up 7.95% in the first five
months of the year. That well outstrips the gain of the
Absolute Return Credit Index, which rose 0.72% in May
ISSN: 2151-1845 / CDC10004H
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