London-based hedge fund firm Lodbrok Capital’s European Credit Opportunities Fund was up 32 per cent last year, according to a report by Bloomberg.
The returns came on the back of investments in Swiss bakery firm Aryzta AG, UK oil services firm Valaris, and German industrial property company Deutsche Industrie REIT AG, according to a letter sent to Lodbrok Capital’s investors.
Lodbrok joins a growing list of strong performing opportunistic credit funds including CastleKnight Management, whose flagship fund returned a net 64 per cent in its first full year, and Apollo Global Management, which posted a net 10 per cent gain.
