Serengeti Asset Management Gains As Lehman Lives On

Serengeti Asset Management’s distress debt Lycaon Fund generated a net return of 2.1% for investors for the third quarter taking the credit hedge fud run by Serengeti Asset Management up to 5.8% YTD net return.

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• Singer Warns Investors To Heed “Mistaken Beliefs” Before It Is …
• Q3 2016 Hedge Fund Letters

• King Street Warns Of Long Overdue Credit Cycle

The $1.5 billion New York-based event-driven and relative value manager’s distressed debt fund has achieved some solid returns for investors over the years. Since inception (February 2010) Serengeti Lycaon has generated an annualized net return of 12% with an impressive Sharpe ratio of 2.9, according to the fund’s quarterly report, a copy of which has been reviewed by ValueWalk.