Alternative Absolute Return Fund – Featured
January 7, 2022
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Alternative Absolute Return – October 2022
Highlights There was a significant bounce in most asset classes, as dip buyers emerged following significant repricing from mid-August to mid-October Large macro moves have created pockets of dislocation within credit markets, especially between Investment Grade and High Yield credits We believe that a large driver of the divergence between investment grade and high yield is internal technical We sold out of several positions in large capitalization, high quality, high yield issuers that we viewed as fully valued, recycling capital into parts of the credit market which had lagged the macro move higher October was a busy month for our…
