Hedge Funds Performance

Candlewood structured credit fund closes to new investment


The vehicle has reached $600 million on the back of strong performance since launching in January 2011.

   Portfolio managers Brian Herr (L), Greg Richter (R) and analyst Judy Sun (C) at the AR Awards in November 2011
(Photo: John Marolakos)
Candlewood Investment Group, the $1.4 billion credit firm that spun out of Credit Suisse’s asset management division in 2010, has closed its structured credit fund to all new investments at $600 million.

“We have seen a sharp increase in new money coming into the Fund and need to keep it at a size that allows us to take advantage of the many market opportunities available while managing our liquidity terms,” Candlewood wrote investors