The Arini Credit Master Fund, a $2.2bn hedge fund run by former Credit Suisse European debt specialist Hamza Lemssouguer, has racked up an 18% gain in the first half of the year, on the back of a 5.7% return in 2022, according to a report by Bloomberg.
The report cites an investor document seen by Bloomberg as revealing that assets at the firm, which Lemssouguer started last year with around $1bn from investors including Squarepoint Capital, have since almost tripled to $2.9bn.
The fund’s H1 gain is comfortably ahead of its peer group with credit hedge funds tracked by Bloomberg having returned an average of around 3% over the first six months of the year.
