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CVC Credit Partners European Opps beats indices

22 September 2017 08:23

CVC Credit Partners European Opportunities' euro and sterling ordinary shares rose by 6.36% and 6.92% respectively in the six months to the end of June on an absolute return basis.

Chairman Richard Michael Boleat said this represented a creditable outcome and was ahead of the indices that the board reviewed in order to calibrate performance of the investment vehicle manager.

He said: 'Much of this outperformance has been driven by the credit opportunities portion of the investment vehicle's portfolio, reflecting asset allocation decisions by the investment vehicle manager during 2016 and early 2017.

'The performing credit portion of the portfolio has delivered a positive, but less significant contribution to overall performance, which is unsurprising given the ongoing tightness in primary and secondary markets, continuing a theme that has been at play for a number of financial periods.

'The board does not expect market conditions in our chosen markets to change materially in the period up to 31 Dec 2017, although we continue to closely monitor geopolitical developments in the UK and US as sources of potential unexpected market risk events.'

At 8:23am: (LON:CCPG) CVC CREDIT PARTNERS EUROPEAN OPPORTUNITIES NPV GBP share price was -0.25p at 112.25p

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