Monday, 24 October 2016
Last updated 2 days ago
Jul 1 2008 | 10:00am ET
The second quarter is proving to be much more congenial than the first for Avenue Capital Partners.
The $16.5 billion New York hedge fund manager reported its second-straight strong month, telling investors that its funds posted gains in May.
The firm’s $1.5 billion Avenue International fund was up 1.5% in May, almost matching April’s 1.58% return, though it remains in the red year-to-date. Avenue’s $1 billion Europe International Fund and $574 million Avenue Investments fund also posted gains after adding 1.28% and 1.29%, respectively, in April.