April was a generally flat month for credit hedge funds, with few outliers on either side.
One big exception was Eclectica Credit, with a gain of 11.55%. Other winners included Danske Invest Hedge Mortgage Arbitrage (+1.93%), Capital Four Credit Opportunities (+1.36%), Chenavari Toro Capital (+1.22%), and Eiffel Credit Opportunities (0.1%).
BlueCrest Multi Strategy Credit was up 0.91% and Observatory Credit Markets made 0.76%. Chenavari Multi Strategy Credit was up 0.63%, while CQS Credit Long Short returned 0.56%.
On the downside Cheyne Total Return Credit lost 2.53% and LNG Europa Credit was off by 1.40%. There were also losses