Chenavari Capital Solutions Limited

Name
Chenavari Capital Solutions Limited
Manager
Chenavari Investment Managers
Type
Closed Ended Investment Company
ISIN
GG00BKTDR317
Sector
Sector Specialist: Financials
Launched
07/10/2013
OCF
1.71 %
Risk Rating
1
3 Year Sharpe
-0.08
3 Year Alpha
-1.28
Yield
2.5 %
Fund Size
£ 29.26 million
NAV
86
Gearing
78
Discount Premium
-15
The investment objective of the Company is to provide Shareholders with an attractive return, while limiting downside risk, through investment in bank capital solutions transactions primarily with UK and European banks. The Company seeks to invest in a diversified portfolio of bank capital solutions transactions, entered into primarily with UK and European banks. The focus of the Portfolio is in newly issued transactions referenced to credit exposure although transactions have been acquired in the secondary market where the Investment Adviser identified attractive opportunities.
Name
Chenavari Investment Managers
Address
St. Peter Port, Guernsey
Legal Structure
Closed Ended Investment Company

Managers

Loic Fery
Joined 10/07/2013

Loïc Fery is the Founder and Managing Partner of Chenavari Investment Managers. He runs the day-to-day of the firm and has a veto rights at the investment committees of the dedicated strategies. He manages the allocation of the Multi-Strategy credit fund between the various strategies, together with Frederic Couderc. Prior to setting up the firm in Q1 2008, Loïc Fery was Managing Director, Global Head of Credit Markets at CALYON: he was responsible for Credit, Structured Credit & High Yield global activities of the bank. He joined CALYON in 2001 with the mandate to start from scratch Structured Credit and Credit Derivatives activities: in 6 years, he developed a global team (230 people under his management in 2007) and contributed to position the bank among the leading structured credit houses. Loïc Fery started his career in Asia, where he ran Asian Credit Derivatives desk for Société Générale. Loïc was involved in the set-up of several asset-management companies focused on structured credit since 2001. He also co-authored several books on credit derivatives and securitisation topics.

Benoit Pellegrini
Joined 10/07/2013

Benoit Pellegrini Senior Portfolio Manager, European ABS Prior to joining Chenavari Investment Managers to manage European asset-backed strategies (Toro), Benoît worked at Natixis in several positions. As a high frequency flow ABS/CDO Trader for the last six years, he was in charge of managing a multi billion Euros portfolios which implied analysing, modelling, pricing and monitoring a wide range of European structured credit products. He received a Magistere of Sciences in International Economics & Finance (BA) and a post graduate degree in Corporate Finance from the University of Bordeaux IV as well as a graduate degree specialised in Econometrics from Tilburg University (NL).

Daniel Turner
Joined 10/07/2013

Daniel joined Chenavari from European Credit Management (ECM) where he worked as an European ABS Investment Analyst. Prior to ECM, Daniel spent 3 years with ING Strategic Trading Platform where he was responsible for modelling, analysing and investing the banks proprietary capital ‘first loss’ and subordinated tranches of European RMBS and balance sheet CLOs. He holds a first class degree in Banking, Finance and Management (BSc.) from Loughborough University and graduated from the ICMA Centre, University of Reading with distinction in International Securities, Investment and Banking (MSc.)

Nicholas Moss
Joined 10/07/2013
Simon Airey
Joined 10/07/2013
Steve Sabatier
Joined 10/07/2013
Roberto Silvotti
Joined 10/07/2013
Hubert de Mallerais
Joined 10/07/2013

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