PTAM's Dynamic Fixed Income Fund Outperforms in June

Jul 10 2015 | 12:34pm ET

PT Asset Management has released June performance estimates that stand out among a field of credit managers that struggled during the month. 

The onshore version of the PTAM Dynamic Fixed Income Fund gained +3.55% for the period, while the offshore version booked 3.63%, according to information obtained by Finalternatives. Both returns are net of fees.

The funds are up 3.14% and  2.71% year to date, respecitvely. In comparison, the HFRX Fixed Income - Credit Index was down 1.003% for the June and is up 1.10% YTD.

The two funds are relatively new, with the onshore fund launching in January 2014 and the Cayman-based offshore one launching seven months later in September 2014. The fund is overseen by PTAM chief investment officer Ethan Youderian, a former Citadel veteran. 

Chicago-based PT Asset Management has approximately $900 million in assets under management. Founded in 2008, the firm has multiple hedge fund vehicles, mutual funds, and a variety of customized separately managed accounts (SMAs) for institutional investors. 

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