Credit funds swung into positive territory in January, with the EuroHedge credit median showing a gain of 0.36%.
The Dexia Bonds Euro High Yield Fund rose 7.71%, while the firm's Dexia Bonds Global High Yield fund added 1.05%. Legal & General Investment Management's LGIM High Yield Alpha Fund added 2.81% for the month, while the Aladdin Relative Value Credit Fund returned 2.05%, although it is down 21.48% for the last three months.
Trafalgar Recovery returned 2.01% to narrow its three-month losses to -4.97%. Aramid notched another gain with its film finance-focused Aramid Entertainment Fund, adding 0.25% in January