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Annual Results

CVC Credit Partners European Opps 'resilient'

19 February 2016 08:13

CVC Credit Partners European Opportunities reports a 'pleasingly resilient' performance in 2015 despite challenging conditions with returns on its euro and sterling shares up by 5.1% and 5.6% respectively.

It said this derived from a combination of yield flow from the core portion of the portfolio and good performance from the credit opportunities assets.

Chairman Richard Boleat said: "Our limited exposure to US high yield (approximately 8% of the Investment Vehicle portfolio at the year-end) and our lack of exposure to energy sector names meant that recent sharp falls in the market prices of many energy credits, particularly in the US, had no material effect on the portfolio, which continues to be focussed on European credits."

At 8:13am: (LON:CCPG) CVC CREDIT PARTNERS EUROPEAN OPPORTUNITIES NPV GBP share price was 0p at 96.75p

Story provided by StockMarketWire.com

Related Company: CCPG

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