Performance

Credit, distressed funds begin to motor

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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