Credit and distressed funds keep the returns coming


Credit and distressed managers continued to make hay in October, with positive returns being posted by all but a very few strategies and with several funds now showing some remarkable gains for the year.

CCA European Credit Opportunities led the pack with a monthly return of 6.34%, while Alcentra Structured Credit Opportunity – another of the year’s best performers in the space, also with a YTD return of almost 40% – banked a 4.90% gain in October.

LNG Europa Credit also made 4.90% for the month, while the high-flying Cheyne Total Return Credit strategy was up 2.17%