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Behind Solent's towering success

Solent Capital Partners has won plaudits - and investors - for managing collateralised debt obligations, and also for its credit-based hedge fund product, reports Solomon Teague

The structured credit area is again attracting the interest of investors, after many spurned the industry after the chastening experience of May 2005.

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

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