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Stephen Taub
Premium
Credit Funds Lay Low and Even Prosper in a Tough First Quarter
The strategy managed to navigate rising rates, tumbling stocks, and the Russian invasion of Ukraine.
Stephen Taub April 26, 2022
Amir Hamja/Bloomberg

Amir Hamja/Bloomberg

Fresh off their best year in about a decade, credit funds were mostly flat or barely in the black in the first quarter.But given the economic environment, things could have been worse. Interest rates were surging, spreads were widening due in part to the Ukraine

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