Despite rising oil prices, credit markets boost arbitrage returns


Credit markets continued their positive momentum in February, despite rising oil prices and increasing tensions in the Middle East, and the InvestHedge median for the sector was up 0.79% on the month to take year to date figures to 1.66%.

It was a good month for Bodleian Partners B which was up 1.57% taking year to date figures to 6.19%. The portfolio’s best performing position during the month was Appaloosa, up 5.12%. Other strong underlying managers included Thoroughbred Fund (+3.43%), Third Point Partners (+3.4%) and York Credit Opportunities (+3.1%). The only detractor was Greenlight Capital Qualified (-0.6%).