Credit Hedge Funds Can’t Figure Out What They’re Worth


The PivotalPath Credit Index was down -8.9% in March. Sub-strategies such as relative value fared best, returning -1.7%, while funds focused on structured credit and mortgage-backed securities came in last at -15.0%.

CEO Jon Caplis sat down with Julie Segal at Institutional Investor to share more about what we’re seeing in the space. Importantly, “net asset values are missing for a big portion of credit hedge funds, especially those that invest in structured products like mortgage-backed securities.”


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