Hedge fund managers focused on structured credit strategies can be simplistically divided into two categories: beta managers or alpha generators. Many investors believe the beta opportunity born out of the financial crisis has substantially run its course. As such, they find risk adjusted returns from structured credit beta managers are not particularly attractive. On the other hand, inefficiencies in the structured credit markets persist, providing opportunities to generate strong, alpha-driven risk adjusted returns relative to other hedge fund strategies.
[schloss variation=”beating”]
Also read:
- Q2/H1 Hedge Fund Letters – Letters, Conferences, Calls, And More
- Hedge Fund of funds Business Keeps Dying Every Year
- Baupost Letter Points To Concern Over Risk Parity, Systematic Strategies During Crisis

