Credit strategies continue to generate gains in a lively market


The vast majority of credit funds made a positive return in August, with only a handful losing ground - and even then, only by a matter of basis points.

Matrix PVE Global Credit stood out with a 6.79% gain, taking it close to 24% on a year-to-date basis. Alcentra Structured Credit Opportunity made 3.42% for a 13.59% YTD return. Scipion Commodity Trade Finance was up 2.30% (9.57% YTD) and Simon Thorp's Liontrust Credit Fund made 1.82% (7.67% YTD).

Toro Capital, the high-performing European ABS vehicle from Loïc Fery's Chenavari stable, had another solid month with a return of 1.89%. This