Thu, January 9, 2025
Wed, January 8, 2025
Tue, January 7, 2025

Sona Asset Management returns over 18% in European debt markets, letter says

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. ver-18-in-european-debt-markets-letter-says.html
  Print publication without navigation Published in Business and Finance on by Reuters
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Credit manager Sona Asset Management returned 18.76% in its Credit Master Fund in 2024, benefiting from a surge in European companies needing to refinance their debt, an investor letter seen by Reuters on Wednesday showed.

Sona Asset Management, a London-based hedge fund, achieved a return of over 18% in European debt markets in 2024, according to a letter to investors seen by Reuters. The fund, managed by former Credit Suisse traders, capitalized on the volatility in European bond markets, particularly benefiting from the significant movements in bond yields. The letter highlighted that the fund's strategy involved exploiting mispricings in government and corporate bonds, as well as interest rate derivatives. This performance was notably better than many of its peers, showcasing the fund's adept navigation through a challenging economic environment marked by inflation concerns and monetary policy shifts.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/sona-asset-management-returns-over-18-european-debt-markets-letter-says-2025-01-08/ ]