Credit Funds Post Third-Quarter Gains

Altum and PIMCO lead the way as Canyon, King Street, GoldenTree, and others post solid results for the year.


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Credit funds showed strong gains in the third quarter.

The average fund rose an average of 2.8 percent in the September three-month period, according to Gapstow’s composite index of credit hedge funds. This was the best quarterly performance in about two years.

Through the first nine months of the year, the Gapstow index is up 6.3

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