Arini master fund down 32% year-to-date after 19.7% October decline
Arini Capital Management's flagship hedge fund has lost 32% year-to-date, according to an investor letter seen by Bloomberg, following a 19.7% decline in October. The London-based credit specialist, led by Hamza Lemssouguer, said it underestimated dislocation in CCC-rated debt, which makes up most of its exposure. Arini has re-underwritten its five largest positions, trimmed holdings, cut gross leverage to its lowest since early 2022 and plans greater diversification.
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- Reported by Hedgeweek alone, with no second source or primary confirmation yet
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What the sources claim
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Arini's flagship hedge fund has lost 32% year-to-date.
“has suffered a 32% loss year-to-date”
Hedgeweek -
The fund fell 19.7% in October.
“following a 19.7% decline in October”
Hedgeweek -
Arini acknowledged it underestimated dislocation in CCC-rated debt, which is the majority of its exposure.
“underestimated the extent of dislocation in CCC-rated debt, which accounts for the majority of its exposure”
Hedgeweek -
Arini re-underwrote its five largest positions, about two-thirds of the master fund's net asset value.
“re-underwritten its five largest positions, representing approximately two-thirds of the master fund’s net asset value”
Hedgeweek -
Arini reduced gross leverage to its lowest level since early 2022.
“reducing gross leverage to its lowest level since early 2022”
Hedgeweek -
Arini plans to add greater portfolio diversification after its concentrated lower-rated credit exposure left it vulnerable.
“plans to introduce greater portfolio diversification”
Hedgeweek
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Summary and claims extracted by AI with prompt analyze-story@5 on 2026-11-07 10:00 UTC. Labels are computed from the sources, not by the model.