Credit/distressed specialists keep exploiting rich opportunity set


Credit funds were among the best-performing strategies of 2009, with the EuroHedge Credit Index showing a median return of 15.0% in 2009 and a mean return of 22.17%.

Numen Credit Opportunities posted a huge 197% gain in 2009 after adding another 3% in December.

Other top performers on the year included the IFPC Zenith High Yield Bond Fund, which netted a gain of just over 59% in 2009 after a return of 2.75% in December, and Trafalgar Recovery, which gained 50.76% for the year as a whole, after a 0.45% gain in December.

Among pure distressed players, a