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Arini hedge fund falls 8% in July as credit bets turn sour

hedgeweek

3 weeks ago

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Hamza Lemssouguer’s Arini Capital Management suffered a sharp setback in July, with its flagship hedge fund falling about 8% after several credit positions moved against the London-based manager, according to a report by Bloomberg citing unnamed people familiar with the results.
The losses came after Arini held debt linked to Aston Martin Lagonda, which secured a £550m ($750m) financing package with HPS Investment Partners last month to strengthen its liquidity.
The transaction effectively bypas...

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