Total eclipse
A pure credit approach to Threadneedle's Crescendo Credit Fund means its returns are running to schedule
If Robert Stirling can continue the first four months' performance of Threadneedle's Crescendo Credit Fund, the portfolio will easily eclipse its targeted 12% annual return target on its first birthday next March.
The $40m fund was up 8% net to the end of June, remaining within its volatility limits of 5.5%. In June, says Stirling, the portfolio was also up by nearly 3%.
Stirling pursues three main strategies in the fund he tags as having 'a pure credit focus' generally holding between 25 and
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