Hedge Funds

Chenavari passes $1bn with expanding and diversified credit hedge fund range


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

Loïc Fery
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