Performance

Chart of the month: Wexford Distressed Debt

by

The Greenwich, Conn.-based Wexford Distressed Debt and Special Opportunities Fund has consistently outperformed the Absolute Return Distressed Index, an impressive feat considering that distressed has been one of the strongest-performing hedge fund strategies this year. The fund delivered a 4.09% return for September and has realized a 32.09% annualized compound return since its inception in 2002. It also gained 44.08% last year. The fund invests in debt and equity securities, bank loans, and trade claims of corporations and countries that are stressed, distressed, or currently in or recently emerged from restructuring or bankruptcy proceedings. It is part of