Schultze has good start


Many distressed funds continued to get a boost from a handful of corporate events, starting the year with respectable gains. Schultze Partners LP notched a 1.60% gain, bringing its three-month total to 15.58%, its six-month total to 29.42% and its 12-month total to 55.39%. The York Credit Opportunities LP fund rose 0.30% for a three-month total of 11.91% and a six-month total of 19.06%. Contrarian Capital's Trade Claims LP fund posted a 0.72% gain, bringing its three-month total to 8.59% and its six-month total to 13.72%. The Gruss Distressed Opportunity LP fund posted a 2.68% loss in January,