This credit fund was roughly flat for March as negativity continued

YTM Capital's Credit Opportunities Fund was down 0.05% for March, bringing its first-quarter return to 0.43%. The debt-focused manager has more than $500 million in assets under management and a Sharpe ratio of 1.31.

Q1 2021 hedge fund letters, conferences and more

Negative tone continued into March

In their March note to investors, which was reviewed by ValueWalk, portfolio managers Daniel Child and Karl Burnham noted that February's negative tone continued into March and lasted until the last week of the month. They added that last month was the highest new-issue March on record, which caused the...