September saw very mixed results among credit and convertible funds. PVE Macro Credit posted a big 10.84% return, while Chenavari Multi Strategy Credit gained 5.22%. LNG Europa Credit was up 3.14%, and BlueCrest Multi Strategy Credit made 2.67%. Lucidus G4 returned 1.15%, while Nightscape Global Value gained 0.70% and RAB European Credit Opportunities returned 0.15%.
Chenavari’s high-flying Toro Capital stayed in the black with a 0.12% return, taking its YTD gain to 24.36%, while CQS Credit Long Short had another positive month and is up around 8% for the year.
But the majority were down – with most