Credit managers extended their strong recent run of performance in September’s bullish credit market environment, with most credit-oriented strategies banking decent returns for the month.
Not for the first time this year, Cheyne funds were leading the charge. Cheyne Total Return Credit was up 8.34% in its A share class and 5.43% for its K class, while the Cheyne Long Short Credit Fund posted a gain of 4.78%.
Pamplona Credit Opportunities gained 4.50% on the month, while BlueBay Credit Alpha Long Short was up 3.62%, and Chenavari Toro Capital made 2.87%. Gladwyne returned 2.67% in September, while RRETRO was up