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Loïc Fery From Kirsten Bischoff, Opalesque New York:
"When we hit the three year track record, that is really when we started to see very significant flows," says Loic Fery, Founder of London-based Chenavari Investment Managers in an Opalesque TV interview with Matthias Knab. Chenavari, which was launched in 2008 has almost reached $2bn in AUM, an astounding feat for a firm that launched on the heels of the Lehman and AIG debacles.
With two funds ($650m ABS fund the Toro Capital One Fund and the Chenavari Multi Strategy Credit Fund) the firm has had the type of standout hockey stick performance and asset growth that most emerging managers dream about. "I think it is a combination of steady performance returns, which usually define fairly well good asset manager and probably the fact that we have been very niche and very concentrated on the few opportunities that were not widely offered by other managers," Fery says.
Corporate credit strategy
One of the firm’s core strategies is European Corporate Credit. While Frey says it is a fairly large universe, the firm has focused on corporates excluding banks and sovereigns, and maintaining a strategy that has been neutral to the environment. "We are trying to leverage on the particular situation that is in Europe. Very, very good deleveraging stories in the credit world. That spreads are very much wider than when they should be in the fundame...................... To view our full article Click here
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