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Arini losses deepen to 26% as European junk bond selloff accelerates

Reported · Written up by our desk · Equity Funds

Arini Capital Management's flagship hedge fund has lost approximately 26% this year as a selloff in Europe's riskiest corporate debt forces the $21.7bn credit manager to adopt a more defensive investment approach, according to a report by Bloomberg. The fund, which managed $7.5bn at the end of July, is on course for its first annual loss since founder Hamza Lemssouguer launched the strategy in 2022. Lemssouguer, a former Credit Suisse credit trader, has reportedly reduced new purchases to focus on managing existing positions, withdrawing a significant source of liquidity from Europe's distress

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