Credit, distressed funds begin to motor


Credit funds were among the top performers in April. The biggest winner was the Zenith High Yield Bond Fund run by Alex Vaskevitch's LNG, which delivered a chunky 11.58% gain in April for a YTD return of just over 19%.

It was also a strong month for the Dexia stable, with the firm returning 8.78% in its Dexia Bonds Euro High Yield fund (for a YTD gain of 14.72%) and 6.80% in its Dexia Bonds Global High Yield strategy (for a YTD return of 4.45%). Observatory Credit Markets notched an impressive 7.50% gain and is now up a