Arini’s US investment chief Gavin Yates departs

Gavin Yates, the head of US investments at Arini Capital Management, has left the credit-focused hedge fund, as reported by Bloomberg. This departure follows other senior exits as the firm adjusts its investment team in the wake of a challenging period marked by performance difficulties. Yates, who joined Arini in 2021 following its formal launch, relocated from London to New York in 2024.

In addition to his investment duties, he held the position of head of the New York office. Sources familiar with the matter also revealed that Ben Elliott, another key member of Arini's investment team, departed earlier this year. Arini has not provided a comment on the situation. The departures come after a tough July for the hedge fund, which suffered an 8% decline following losses on various credit positions, including those related to Aston Martin Lagonda and Virgin Media debt.

The firm has also recently lost its chief risk officer, James Howard, who left to pursue another opportunity. Arini is led by Hamza Lemssouguer, a notable credit investor in Europe known for his large, concentrated positions that can yield significant returns but also carry substantial risks. Since its inception, Arini has expanded rapidly and now manages approximately $21 billion in assets. Initially backed by investors such as Squarepoint Capital, the firm is now operating independently.