Ironshield High Yield Alpha Fund Gains 0.61% in March as Iran Tensions Roil Markets

The Ironshield High Yield Alpha Fund returned 0.61% in March 2026, lifting its first-quarter gain to 1.46%. The result came against a backdrop of sharp declines across global equity and fixed income markets. The $24 million fund, run by the London-based team at Ironshield Capital Management, continues to outperform broader high-yield benchmarks. Portfolio managers David Nazar and Frits Lieuw-Kie-Song maintained the fund’s market-neutral approach as volatility accelerated across asset classes.

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Fund Strategy

Founded in 2007, Ironshield Capital Management specializes in European high-yield corporate credit. The firm runs portfolios through a combination of long and short positions driven primarily by credit analysis. The investment process aims to generate alpha from both sides of the book while maintaining downside protection through selective index hedging.