Aurelius Capital’s Drawdown Funds Soar in 2022

The distressed credit manager has scored sizable gains in Russia and Ukraine.

Oliver Bunic/Bloomberg

Oliver Bunic/Bloomberg

A little-known distressed hedge fund firm has posted strong gains this year, in part thanks to sizable gains from Russian and Ukrainian paper.

Aurelius Capital Management’s new drawdown funds — Aurelius Long-Term Opportunities Fund (International) and Aurelius Long-Term Opportunities Fund (U.S.) — which began investing at the beginning of 2022, were up 30.94

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