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.
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...