Toro, Alcentra, Capital Four lead strong credit pack

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Toro Capital, the high-performing ABS strategy managed by Benoit Pellegrini at Chenavari, led the way again in a month of almost exclusively positive returns for credit managers.

Toro made 7.12% in February, giving it a year-to-date return of 14.82% after just two months – and a 12-month rolling return of 88.45%. Capital Four Credit Opportunities also performed well, making 6.01% in February for a 10.74% gain so far this year, while Alcentra Structured Credit Opportunity added another 6.91%.

Cheyne Total Return Credit was up 4.18%, WB Opportunities gained 2.43%, Matrix PVE Global Credit returned 2.42% and Liontrust Credit