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Data Funds
Fund performance
Majority of fund categories post declines in September
Most fund categories posted negative average returns, except for structured finance, CLO and UCITS credit funds. Structured finance, underpinned by Hildene’s Opportunities Fund, posted an estimated 0.75% gain for the month, while CLO funds added an average of 0.41% and UCITS credit funds 0.20%. CLO funds accounted for six of the top 10 best-performing funds, with 19 out of 33 posting positive returns.
To the end of September, corporate distressed maintained its index-leading YTD performance, adding 5.64%, ahead of credit multi-strategy and UCITS credit funds on 3.22% and 2.58%. Hildene Opportunities Fund led again, ahead of Pictet Alt’s Distressed & Special Situations Fund, but the podium was rounded out by a fresh face, Blueglen Opportunities Credit Fund I, a corporate long-short fund that has added 10.82% over the last 12 months.
Creditflux index returns September (%)
Leading fund
SCIO Opportunity Fund
The honours for September’s top-performing fund went to SCIO Capital, a London-based manager of European asset-based private credit, for its Opportunity Fund, which returned 1.61% for the month. It beat out III Capital Management’s Credit Opportunities Fund, which gained 1.47%, and Acer Tree Funds, a corporate long-short fund that added 1.34%.
SCIO Opportunity Fund is an open-ended credit multi-strategy fund that was launched in April 2016. It provides investors access to European secured private debt in a niche market segment with significant barriers to entry.
Over the first three quarters of the year, the fund gained 6.10%, while over the last 12 months it has added 8.73%. The fund’s performance in September was its strongest since March 2023.
Top credit funds in September (%)
SCIO Opportunity Fund vs credit multi strategy cumulative return (%)
*Estimate
See hedge fund listing notes
