Sun, May 28, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

High octane Chenavari continues to perform despite difficult month

Tuesday, June 19, 2012

Beverly Chandler, Opalesque London: May results for the range of funds from Chenavari Investment Managers showed a net performance of 1.11% in May for the European ABS Strategy, bringing the year to date figure to 10.56%. The annualized return of the European ABS strategy (Toro Capital IA - A Share class), which focuses on European asset backed securities is 67.33% pa since inception in June 2009, a year in which it achieved a return of 80.12% in six months.

In an interview with Opalesque TV, Loic Fery, founder and managing partner, detailed the high octane performance of the firm, founded in 2008 and with assets close to $2bn.

In their commentary on the fund, Chenavari reported that uncertainty about the Greek political situation coupled with raising concerns over Spanish banks and sudden deterioration of the global growth outlook eventually unwound the rally initiated in the first quarter. "Hence, peripheral bond yields surged as the Spanish-German 10yr spread widened to 535bp while Eurostoxx 50 closed the month 8.85% lower. Whereas eurozone break-up fears appear somewhat overstated, the trajectory of recent data indicates a longer and deeper recession in Europe exacerbated by a waning global growth and major tail risk derived from potential political blunder. Despite such uncertainty, European primary ABS issuance continued to benefit from a strong real money demand with four ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  2. Investing - China's HNA wants to invest in Value Partners, Risk parity investors reap rewards from rebalancing act, SoftBank's $100 billion tech fund rankles VCs as valuations soar[more]

    China's HNA wants to invest in Value Partners From Reuters.com: HNA Group has alighted on a logical, if pricey, target in Hong Kong. The deal-hungry Chinese travel conglomerate known for overpaying wants to invest in Value Partners, one of Asia's few sizeable independent asset managers,

  3. Opalesque Exclusive: Investors warm to ESG, but seek standardization[more]

    Bailey McCann, Opalesque New York: Asset managers and asset owners plan to double their investment in Environmental, Social and Governance (ESG) driven strategies over the next two years, according to a survey from BNP Paribas Securities Services. The report, "Great Expectations: ESG - what's nex

  4. Opalesque Roundtable: France's hidden strengths in AI and machine learning[more]

    Komfie Manalo, Opalesque Asia: All nations offer their strengths and weaknesses, but one that is undisputed is the quality of the French scientists, claimed Guillaume Vidal, co-founder of French technology startup Walnut Algorithms at the

  5. AI-based hedge fund brings machine learning investing to masses[more]

    Komfie Manalo, Opalesque Asia: Machine learning-based hedge fund firm Greyfeather Capital is trying to bring artificial intelligence investing to the masses with its plan to expand beyond the limited reach of the alternative investments space. "We're excited to bring AI technology to traditio