Credit strategies of all flavours made good headway in August, with the EuroHedge indices for convertible arbitrage, credit and distressed all showing decent gains.
Credaris Special Situations posted the biggest monthly gain among credit funds in August, adding a whopping 18.29% to take its YTD gain up to about 39%. Numen Credit Opportunities, which launched last November, added nearly 10% on the month and is up an astonishing 165.26% this year. RAB European Credit Opportunities Fund added 7.21% to take its YTD return up to 36.42%.
Trafalgar Recovery netted nearly 6% for a YTD return of over 41%. Liontrust