Sona Adds $6.6 Billion as Investors Look Beyond Big Hedge Funds

Credit trading specialist John Aylward’s investment firm gained around $6.6 billion in additional assets last year — showing there’s still cash available to hedge funds outside the booming multistrategy firms.

His London-based Sona Asset Management now runs about $16.6 billion across its flagship hedge fund, capital solutions, CLOs and significant risk transfer strategies, according to people with knowledge of the matter. The increase came from both performance gains and fresh capital.