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%).