Chenavari Toro Income Fund Limited

Name
Chenavari Toro Income Fund Limited
Manager
Chenavari Credit Partners LLP
Type
Closed Ended Investment Company
ISIN
GG00BWBSDM98
Sector
Debt - Structured Finance
Launched
08/05/2015
OCF
1.39 %
3 Year Sharpe
0.67
Yield
6 %
Fund Size
£ 237.09 million
NAV
1
Gearing
94
Discount Premium
-20
The Company’s investment strategies will be: The Opportunistic Credit Strategy – the Company will opportunistically invest or trade in primary and secondary market ABS and other structured credit investments including private asset backed finance investments. The Originated Transactions Strategy – the Company will invest in transactions on a buy-to-hold basis, via a variety of means, including, without limitation, Warehouse Credit Facilities, which can originate credits that may be refinanced in structured credit markets as well as other financing opportunities.
Holding %
Equity 34.19 %
Arbitrage Clo 19.46 %
Preferred Equity 14.74 %
Non-Performing Loan 7.15 %
Residential Mortgage-Backed Security 6.20 %
Balance Sheet Clo 3.14 %
Consumer Abs 1.91 %
Commercial Mortgage-Backed Security 1.36 %
Senior Loan 1.10 %
Arbitrage Cdo 0.76 %
Name
Chenavari Credit Partners LLP
Address
GY4 6RT, St. Martin, Guernsey
Legal Structure
Closed Ended Investment Company

Managers

Benoit Pellegrini
Joined 05/07/2015

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).

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