Credit and distressed managers continue to make hay in August


August was another positive month for credit specialists – with most funds making money, while the few losses were limited to a matter of basis points. It was a similar story among dedicated distressed managers too, with all the funds in this subset making month-on-month gains.

In credit, Alcentra Structured Credit Opportunity made a very healthy 8.81% on the month, while Eclectica Credit made 4.95%, LNG Europa Credit was up 4.00% and Cheyne Total Return Credit gained 3.93% for a punchy year-to-date return of 44.21%.

Pamplona Credit Opportunities was up 3.75%, Chenavari’s Corporate Credit Strategy was up 2.53%,