Lyxor Asset Management has partnered with Chenavari Investment Managers to launch the Lyxor/Chenavari Credit Fund, a new European focused long/short credit strategy on Lyxor’’s alternative UCITS platform.
The fund focuses on niche long/short credit market strategies by taking advantage of opportunities arising from bank deleveraging and financial dislocation in Europe. This investment strategy is based on a fundamental, “credit spread neutral” approach that seeks consistent absolute returns, with a low volatility and correlation to broader credit indices. The use of liquid instruments enables a dynamic trading approach.
Founded in 2008, Chenavari specialises in European credit and structured finance. The Firm counts more than 100 employees, including over 40 investment professionals with an average of 17 years experience. The investment team is organised into specialist, experienced and sub-strategy groups of portfolio managers and analysts, all teams being fully integrated with fundamental research capability at core. Chenavari has proven credit expertise enabling a comprehensive analysis of the underlying collateral subsets in Corporate Credit and European Financials.
The Fund, which is now passported in 10 countries, is available on Lyxor’s Alternative UCITS Platform in EUR, USD, JPY, CHF, GBP, SEK, and NOK. Chenavari becomes the seventh alternative manager on the UCITS platform – after Winton Capital Management, Canyon Capital Advisors, Tiedemann Investment Group, Capricorn Capital Partners, Corsair Capital Management and Lyxor (as manager of the Lyxor Epsilon Global Trend Fund).