In a three-year period that has seen many hedge fund firms wrestle with poor performance, stifled investor inflows and - in the case of some new start-ups - an inability to get off the ground at all, Loïc Fery's London-based credit outfit Chenavari has certainly risen to the challenge.
Loïc Fery
Established in 2007 as the financial sector was starting to go into a tailspin, the firm has launched two credit hedge funds successfully, both of which have gone on to post impressive returns. With close to $600 million under management, the firm is also branching out - taking on long-only mandates and developing a UCITS version of its flagship.
Fery is a well-known face and name in the credit space. Before setting up his own shop, he was Calyon's global head of credit markets. He had joined Crédit Agricole Investment Banking from Société Générale in 2001, with a mandate to build a...