With a stellar performance and assets now close to $2bn, London based Chenavari Investment Managers is one of Europe's most successful hedge fund launches since 2008.
The firm, led by Loic Fery, runs the European ABS Toro fund and Chenavari Multi-Strategy Credit fund. Since launch, the Multi-Strategy Credit fund achieved an annualized return of over 16% with a volatility of under 5%, and the ABS Toro fund, which focuses on European Asset-backed securities, outperformed with 80% net return in 2009, 90% in 2010 and 26% in H1 2011.
In this Opalesque.TV BACKSTAGE video, Loïc Fery reveals Chenavari's strategy and operating principles which continue to drive the firm's remarkable success. Fery also explains why European ABS are not similar to "US subprime" and that strong opportunities are still available in Europe.
Prior to setting up Chenavari, Loïc Fery was Global Head of Credit Markets at CALYON, the investment bank of the Credit Agricole group. He was responsible globally for Credit, Structured Credit & High Yield at the bank, including Trading, Structuring and Sales. Before joining CALYON, he was at SG, where he has been one of the initial members of the credit derivatives group.
Loïc Fery graduated from HEC in Paris. He co-authored several books on credit derivatives, structured credit and securitisation. On a personal interest level, he is Chairman & President of Lorient Football Club, a French Premier League football club.
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With a stellar performance and assets now close to $2bn, London based Chenavari Investment Managers is one of Europe's most successful hedge fund launches since 2008.
The firm, led by Loic Fery, runs the European ABS Toro fund and Chenavari Multi-Strategy Credit fund. Since launch, the Multi-Strategy Credit fund achieved an annualized return of over 16% with a volatility of under 5%, and the ABS Toro fund, which focuses on European Asset-backed securities, outperformed with 80% net return in 2009, 90% in 2010 and 26% in H1 2011.
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