Two high-profile credit traders, Hamza Lemssouguer and Sofiane Gharred, helped steer their hedge funds into positive territory by the end of 2022, having at one point earlier in the year seen double-digit declines, according to a report by Bloomberg.
The report cites unnamed sources as revealing that former Credit Suisse Group AG trader Lemssouguer’s Arini Credit Master Fund ended the year up 5.7%, while Gharred’s flagship credit strategy at Selwood Asset Management made 0.14%.
Arini was down as much as 16% through September, while Selwood’s flagship fund declined 15% during the first half as short-term credit spreads jumped.
