Greywolf Up 15.31% As CLO Market Trends Higher

Greywolf Capital CLO Credit Fund portfolio managers Jon Savitz and Joe Marconi are riding the collateralized loan obligation (CLO) market higher as the fund is up 15.31% as of the close of the third quarter, according to an October 31st letter to investors reviewed by Valuewalk. The hedge fund used a decided directional tilt in its long / short ratio to beat the S&P LCD Index, which is up 7.72% over the same period, and the Barclays High Yield Credit Bond Index, up 15.11%. Also see   Q3 2016 hedge fund letters King Street Warns Of Long-Overdue Credit Cycle Canyon…