Funds of Hedge Funds Performance

Wider credit spreads hamper distressed


With the bankruptcy rate continuing to rise, many managers are cautiously optimistic on the prospects for the distressed space. However February was a rocky month for many in the strategy thanks to widening credit spreads.

Helium Special Situations was down 2.43% to leave three month figures at 2.37% and Focus Recovery was up 0.59% on the month bringing three month numbers to 2.02%.

Antarctica Credit and Distressed Fund was down 0.5% on the month putting three month returns at 1.01%.

Thames River Distressed Focus Class B was up 1.72% on the month to bring three month numbers to -0.39% and