Toro stars again as credit funds maintain winning streak


In another month of positive returns for the vast majority of credit and distressed funds, Toro Capital - the European asset-backed securities strategy under Loïc Fery's Chenavari umbrella - led the field again with a 13.52% return.

Toro has been a consistent high-performer since inception: it was the star credit fund in March as well, when it gained over 10%. The fund, which launched last August, is up 45.60% in 2010 and has so far generated an extraordinary annualised return of 186.27%.

Cheyne Total Return Credit was another strong performer, notching up 6.34% in April to bring it back