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 peers.

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 and...

ISSN: 2151-1845 / CDC10004H

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