Coherence Credit Strategies wins HFM US performance award

NEW YORK – October 24, 2024 – Today Coherence Credit Strategies proudly announces its recognition as the 2024 US Hedge Fund of the Year in the Credit Long/Short category at the HFM US Performance Awards. The With Intelligence HFM US Performance Awards recognizes and rewards the highest performing North American hedge funds, FoHFs and CTAs. This is the 5th time in 12 years and the 3rd year in a row that Coherence has earned prominent industry awards.
“Our firm is thankful for this recognition as the trusted stewards of investor capital,” said Sal Naro, CIO of Coherence Credit Strategies. “I also want to express my gratitude to my colleagues across the front, middle and back office whose tireless pursuit of excellence made this possible,” he added.
Now in its 18th year, the HFM US Performance Awards focuses on ensuring that excellence is rewarded, including assembling a judging panel comprised of leading CIOs, senior directors and managing directors from allocators and consultants. The judging process is designed to ensure that the Awards recognize the highest achieving hedge funds, CTAs, and funds of hedge funds in North America.
About Coherence Credit Strategies
Founded in 2012, Coherence Credit’s flagship fund, the Coherence Long/Short Credit Fund (CCSFONA on Bloomberg) is a liquid, diversified long/short credit strategy that invests in corporate issuers primarily in North America and Europe. The Fund’s approach seeks to capitalize on both improving and deteriorating changes in credit valuations and ratings trajectories. The strategy focuses on investment grade, crossover, and high yield corporate credits. The Fund places a premium on risk-adjusted absolute returns, capital preservation, and low volatility of returns. The portfolio management team views the fixed income universe as an extension of the equity markets. In October 2023, the Lazard Coherence Long/Short Credit Master Fund, Ltd., along with the entire Coherence Credit management team, joined Tiptree Advisors, LLC.
About Tiptree Advisors
Tiptree Advisors, LLC is an asset manager with over $1.6 billion in assets under management that focuses on High Yield, Investment Grade, Structured Credit, Public Equities, and Direct Investments. Its investment team is comprised of 7 professionals with an average of over 25 years of experience. The firm has 15 employees with offices in New York and London. Tiptree Advisors is in partnership with Tiptree Inc. (NASDAQ: TIPT).
In 2023, Tiptree Advisors made its first acquisition of an asset management firm when it brought on board the Coherence Credit Strategies team from Lazard Asset Management. Led by Chief Investment Officer Sal Naro, the Coherence Credit Strategies team brings decades of experience investing in credit as well as a 12-year track record of the Coherence L/S Credit Fund.

THIS PRESS RELEASE IS INTENDED FOR INFORMATIONAL PURPOSES ONLY. THIS IS NOT AN OFFER OR SOLICITATION WITH RESPECT TO THE PURCHASE OR SALE OF ANY FUND OR SECURITY.