The returns have been such, however, that investors could not stay away forever. By way of example, the Solent Credit Opportunities Fund (Scof) returned 24.43% net in 2006 and 35.5% since its inception in March 2005.
“Hedge fund investors are seeing funds in structured credit can deliver these returns with this kind of consistency, and that they need to be getting back into this space as they are missing out on something,” says Raymond O’Leary, partner at Solent Capital Partners.
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