Credit, distressed players gain again


Credit funds continued their strong gains in October. GLG Loan was up 4.37% for a year-to-date gain of over 60%. Simon Thorp's Liontrust Credit and Mark Benson's Ravenscourt Multi-Strategy Credit were up by 3.15% and 3% for YTD gains of 37.47% and 41.48%.

Observatory Credit Markets put on 1.5% for a YTD return of 62.03%, while Pamplona Credit Opportunities was up by 2.4% for a 28.21% YTD gain.

Dexia's credit stable all continued to notch up good gains. IFPC Zenith High Yield Bond was flat on the month for a YTD gain of 54%, while RAB European Credit Opportunities