Categories: Funds • Other • Prytania in the News • Structured Credit
22nd March, 2018
LONDON, UK - Prytania Asset Management, a Structured Credit specialist asset manager founded in 2003, is pleased to announce that its Athena Fund’s 2017 performance has been recognized by a number of leading publications and industry rankings. The Athena Fund returned +30.08% net of fees and expenses in 2017.
Mark Hale, Chief Investment Officer at Prytania said: “Active asset allocation has allowed Athena to outperform its peers in 2017. The rotation out of US CLO equity and into less followed themes in European structured credit was particularly accretive. Europe is at a more attractive part of the credit cycle versus the US, and European structured credit can be more inefficiently priced than its US counterpart. While we significantly outperformed our 10% target return in 2017 I have cautioned investors that a repeat of that level of outperformance cannot be assumed. However, Athena is off to a good start this year at +5.34% YTD February 2018.”
Athena Fund is open to new investment.
About Prytania Asset Management
Prytania Asset Management is an independent London-based structured credit specialist with a representative office in Chicago. Prytania is led by CEO and CIO Mark Hale, who is viewed by many in the industry as one of the pioneers of the structured credit asset class. Prytania offers a series of funds and separate managed accounts to provide investors with access to the global structured credit opportunity set via a range of different risk/return profiles to address diverse investor requirements.
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Past performance is not necessarily indicative of future results and historic returns shall not constitute any representation or warranty as to the future performance of the fund.