John Aylward's investment firm saw its assets swell by $6.6 billion over the past year—pretty telling sign that not all the money is chasing the big multistrategy shops these days. Turns out there's still solid demand for specialized credit trading expertise and focused investment approaches. The numbers suggest investors aren't sleeping on boutique and specialized funds when they deliver solid performance. Even in a competitive market, specialized strategies can still pull in meaningful capital flows.