{
  "id": 18613528,
  "title": "Arini hedge fund losses deepen to 32% as credit selloff intensifies - Bloomberg",
  "url": "https://urgent.news/2026/11/07/arini-hedge-fund-losses-deepen-to-32-as-credit-selloff-intensifies",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-07T01:39:55.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/arini-hedge-fund-losses-deepen-to-32-as-credit-selloff-intensifies--bloomberg-5009518"
  },
  "original_language": "en",
  "account": "Arini Capital Management's flagship hedge fund has endured a 32% loss this year, exacerbated by a sharp October decline, according to exclusive Bloomberg reporting. The London-based credit specialist attributed the downturn to weakening speculative-grade debt and an underestimation of market disruption. The fund, overseen by founder Hamza Lemssouguer, saw a 19.7% drop in October, bringing its year-to-date decline to approximately 26% as of October 23. Arini's heavy exposure to CCC-rated corporate debt, among the riskiest credit market segments, left its portfolio vulnerable to simultaneous declines. The firm reassessed its top five investments, comprising roughly two-thirds of its net asset value, and reduced gross leverage to its lowest level since 2022. It also trimmed selected positions and announced plans to diversify its portfolio. The adjustments come amid capital raising efforts, with $389 million flowing into Arini from investors over the past week during a $1.5 billion fundraising campaign. The credit specialist cited technical pressures, including restrictions on CCC-rated security purchases by collateralized loan obligations and aggressive short selling, as contributing factors to market weakness. Arini's portfolio includes debt from Altice International, Brightspeed, and Aston Martin, companies grappling with financial pressures that have driven bond prices down. Some holdings have already been put on the market, with potential buyers including Pacific Investment Management Co. and Oaktree Capital Management. Initial transactions have focused on more liquid and better-performing assets. Despite the market turmoil, Arini remains confident in its largest investments after reviewing asset coverage, liquidity, recovery prospects, and creditor protections. The company added that it continues to raise capital, attracting significant investor inflows as part of its broader fundraising efforts.",
  "summary": null,
  "key_points": [
    "Arini Capital's hedge fund lost 32% year-to-date due to credit selloff.",
    "October decline contributed 19.7% to fund's year loss, down from 26%.",
    "Fund reduced leverage to lowest since 2022 amid market pressures."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}