Tricadia Capital Finds Value In "Grind Higher" Market Despite "Gargantuan Credit Machine In China"

Tricadia Capital Management’s Credit Strategies reported higher third quarter performance, but since then interest rates in the US have significantly risen, which could drive 2016 year end returns. Both Tricadia’s products were up 1.18% in the third quarter, according to a letter to investors reviewed by ValueWalk. But the hedge fund is down -2.72% and 2.73% on the year in its respective limited partnership and fund structure respectively. Q3 2016 Hedge Fund Letters Tricadia Capital concerned about anti-elitism, waning global trade, central banks out of bullets Michael Barnes ‘s multi billion dollar credit hedge fund, Tricadia Capital, sees a volatile…