Chenavari’s Trade Finance Strategy

Commodity-based lending with risk mitigation

Hamlin Lovell
Originally published in the January 2019 issue

Chenavari, one of The Hedge Fund Journal’s ‘Europe 50’ managers, is one of the most astute and eclectic credit managers in Europe. As of 30 November, it manages assets of USD 5.2 billion, including a seasoned multi-strategy credit hedge fund that has a proven ability to navigate the peaks and troughs of the market. Its vehicles include a liquid alternative credit UCITS strategy, on the Lyxor platform, that was among the top performers in 2017, and has continued to profit amid weaker credit markets in 2018. It also has two London Stock Exchange listed funds and CLOs. Expertise spans distressed debt, risk retention and risk transfer transactions involving regulatory capital. As one of the first credit hedge funds that expanded in the private credit space in 2011, the manager also runs USD 2.2 billion in a growing spectrum of illiquid credit strategies that encompass a wide range of European private credit investments: consumer finance, specialty finance, direct lending, real estate lending, and trade finance. 

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