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From Komfie Manalo, Opalesque Asia:

The global equity and credit markets were hit hard in July and August by a mix of macroeconomic factors resulting from the delay of the U.S. debt ceiling resolution and the credit rating downgrade of the US by Standard & Poor’s from AAA to AA+ . Weak economic data and concerns about the potential for a double dip recession only added to the negative market sentiment.

There is one hedge fund that plans to benefit from these volatile market conditions. While others struggled with their performance, the Raven Rock Credit hedge fund, which is managed by North Carolina-based Raven Rock Capital generated a positive return of +0.69% last month (+6.47% YTD).

Except for the month of June this year when Raven Rock posted a "manageable" -0.57% loss, the fund has been in positive territory since July of last year. It finished 2010 up +18.82%.

The fund is currently featured in Opalesque Solutions' Emerging Managers Database.

In an exclusive interview with Opalesque, Raven Rock Capital Managing Partner Guy Caplan explained that the fund’s multi-strategy approach once again proved beneficial in July. The directional credit strategy performed well as credit rebounded from the June lows. Performance was boosted by the fund’s decision to rotate into select high yield names that had been in......................

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