Chenavari passes $1bn with expanding and diversified credit hedge fund range
Mon Oct 22, 2012
The London-based asset manager founded by former Calyon global credit markets head Loïc Fery has built a striking five-year track record in credit investing, establishing a broad suite of defined but interrelated strategies that investors can gain exposure to in a variety of different ways
Over the past five years, former Calyon man Loïc Fery and his team have built Chenavari Investment Managers from day-one start-up into a significant force in both alternative and long-only credit investing.
Fery founded the London firm in early 2008 as a credit hedge fund specialist. It launched the Chenavari Multi Strategy Credit Fund that year, followed by the ABS-focused Chenavari Toro Capital 1A in 2009 – both of which have since notched up impressive returns and established themselves as major players in the credit markets.
In late 2009, the firm branched out into long-only asset management – taking over a series of credit mandates, including many from Lyxor Asset Management. This side of the Chenavari business currently accounts for roughly half of the firm’s $2.3 billion total assets under management.
On the hedge fund side, the firm has continued to broaden its offering – though always in the...
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