Aperture Credit Opportunities Fund - Q1 2021 Commentary
Quarter in Review
The Aperture Credit Opportunities Fund (Ticker: AICOIUC LX, Institutional USD Acc) returned 1.75% (net of frees) for Q1 2021, versus the Fund’s benchmark return of 0.50%, for a total outperformance of 1.25%.1
The recovery in markets from the March 2020 lows through to the end of the year was broad- based and quite remarkable.
CIO, UK, and Portfolio Manager
1) Fund benchmark: United States Secured Overnight Financing Rate (SOFR) + 2%