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Arini Capital flagship credit fund declines as debt bets sour

The fund is down about 15.7% year to date after a roughly 7.6% estimated drop in September, extending three straight monthly losses.

Reported · Written up by our desk · Hedge Funds

London-based credit hedge fund Arini Capital Management has seen a sharp reversal in performance, with its flagship strategy down nearly 16% this year after losses tied to debt issued by financially troubled companies, according to reporting by the Financial Times.

The Financial Times report, citing unnamed people familiar with Arini’s results, estimates the master fund fell 7.6% in September. That brings the year-to-date decline to 15.7%, and the fund has posted three consecutive monthly losses.

Arini’s strategy fell almost 8% in July and roughly 1% in August, according to the Financial Times account. Final September performance figures are expected to be finalized later this month.

Despite the downturn, Arini recently raised $1.5 billion for its flagship fund, including $425 million at the start of October, the report said. The remaining new capital is expected to be allocated by early 2027.

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