What are the tier 1 SM credit hedge funds out there?
What is the forum's consensus on the best SM credit hedge funds out there? Strategy is more liquid public markets relative value or long/short funds, and not distressed focused. Would you guys put Arini, Canyon, King Street, Magnetar, Mudrick, Marble Arch on that list?
Any other funds that you guys would consider tier 1 SM credit HFs?
Based on the most helpful WSO content, here are some of the leading credit hedge funds that are often considered top-tier in the industry:
These funds are recognized for their strong performance and reputation in the credit hedge fund space. The forum's consensus often highlights these names due to their consistent track records and strategic approaches in the market.
Regarding the specific funds you mentioned: - Arini - Canyon - King Street - Magnetar - Mudrick - Marble Arch
These are also well-regarded in the industry, particularly for their strategies in more liquid public markets and relative value or long/short funds, rather than distressed-focused strategies.
For a more comprehensive list or specific insights, you might want to explore further discussions and threads on WSO, as the community frequently updates and shares their experiences and opinions on various funds.
Sources: Good credit funds?, Credit funds, Best L/S credit funds in London?, Credit Hedge Fund opportunities, Q&A: Currently at a Credit Hedge Fund
Also interested. Any funds like Elliot that are flexible across cap stack would also be interesting
In theory, this is Baupost's mandate, they just make no money doing it lol
Gotta find that margin of safety boyo. Can't lose money if you're not deploying it.
they're not flexible at the analyst level. Very few people there doing both debt and equities
bump!
bump
There continues to be insufficient yield in this market. The "distressed debt" hedge fund model is dead. King Street, York, Anchorage, Monarch, all shuttered or a shell of what they were. Game has become CLO management or turning into an asset gathering multistrat shop (Oaktree, DK, Oak Hill, GoldenTree). There are exceptions (Mudrick), but for the most part, the party is over.
Whatever happened to Avenue?
Diameter, Elliot, Bracebridge, Silver Point seem well respected
Does Elliott still do DD? They seem to be moving away from it
Ignore title. False, they're always in every distressed situation - they had almost 1-2bn+ in Altice, so much in Europe (SteerCo of TW) etc.
Any data on Saba?
Apollo’s HF team is solid and they run something like $25 billion. Got a few very sharp guys over there and get huge in structures. Have a $6 billion L/S fund that does some distressed, but plenty of other strategies.
Have always heard about this team but there doesn't seem to be much out there. What exactly is their mandate and how do they fit in given Hybrid Value and Corporate credit teams exist?
EJF Capital
Thoughts on Blue Torch?
Ignore title. I have heard that the culture there is pretty rough. Relatively interesting deal flow. No clue on comp
Et quia dolorum facere. Est cupiditate sapiente in tenetur quas soluta numquam. Commodi est atque ratione voluptatum omnis consectetur. Repellat deserunt corporis et. Ut rerum qui ullam expedita. Magnam distinctio cumque laborum fugit excepturi quia vero. Odit molestias ratione necessitatibus non. Quibusdam voluptatum architecto illo quasi quae consequuntur.
Illum voluptas dolorem est quia ut id excepturi. Qui numquam nobis tempora aut quia et.
Aliquam et tenetur iure quia sunt. Quam et cumque aliquid cum facere. Sapiente molestias et enim et commodi veniam. Explicabo qui mollitia dignissimos.
Magnam officia tempore adipisci adipisci fugit. Nihil eos dicta in voluptas eum sunt. Fugiat qui numquam et dolorum ex reiciendis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...