Performance

Permal does well

by

Fixed-income arbitrage emerged as one of the top performing strategies in October. Permal notched up sizable gains in its Fixed Income Special Opportunities class A fund, with a 4.49% gain for the month. That brings its year-to-date total to 13.83%. The Bear Stearns High Grade Structured Credit Strategies Ltd. fund posted a 1.04% gain for the month, boosting its year-to-date total to 14.56%.

Warren Mosler's III Fund LP returned 0.30% in October, bringing its year-to-date total to 8.22%. Fidelity alumnus Barry Coffman's Boldwater Credit Opportunities Fund I posted a 0.28% gain, bringing its year-to-date total to 2.56%. The recently