In one of the week's most striking performance stories, Ironshield Capital's market-neutral High Yield Alpha Fund UCITS remained in positive territory throughout the March 2026 Iran war selloff - a result Opalesque attributes to the fund's 25-year equity put hedging strategy and its positioning in what the manager describes as 13-year-high credit dispersion conditions. With macro hedge funds, multi-strategy platforms and long-biased vehicles all absorbing sharp losses as crude oil spiked and risk assets sold off, Ironshield's credit-focused, market-neutral approach provided a genuine proof of concept for investors searching for uncorrelated returns. The fund's London-based manager, Frits Lieuw-Kie-Song, told Opalesque that the current environment of elevated credit dispersion presents the most fertile conditions for the strategy in over a decade.

New hedge fund launches hit a four-year high in 2025, reaching 562 for the year, while liquidations dropped to a his......................

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