Credit and distressed funds keep good returns coming


The first half of 2012 has been a fertile period for credit and distressed strategies – especially when compared to the widespread losses suffered in many other areas and asset classes.

Cheyne Total Return Credit is up 26.83% after making 11.52% in June, while Cheyne Long Short Credit has made 12.00% YTD including a 3.81% gain last month.

BlueBay Credit Alpha Long Short made 14.34% in the first half, gaining 2.67% in June. Chenavari Toro Capital was up 11.83% for the six-month period after making 1.15%, while stablemate Chenavari Multi Strategy Credit was up 4.73% YTD with a