European Distressed Debt Drives Up Credit Hedge FundsVW Staff
As debt-laden European countries, specifically those in the peripheral region strengthen to recovery, distressed asset investments are bearing fruit in the region. Credit Suisse Hedge Fund Index has netted a 7.03% YTD, whereas the Distressed index has gained close to double in the same period. The sub-strategy is up 12.05% YTD after adding a 1.5% return in October.
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