{"id":92525,"date":"2026-11-09T14:20:57","date_gmt":"2026-11-09T19:20:57","guid":{"rendered":"https:\/\/hedgeco.net\/news\/11\/2026\/arinis-master-fund-lost-19-7-in-october-taking-its-2026-decline-to-32-as-it-cut-gross-leverage-and-raised-new-capital.html"},"modified":"2026-11-09T14:20:57","modified_gmt":"2026-11-09T19:20:57","slug":"arinis-master-fund-lost-19-7-in-october-taking-its-2026-decline-to-32-as-it-cut-gross-leverage-and-raised-new-capital","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2026\/arinis-master-fund-lost-19-7-in-october-taking-its-2026-decline-to-32-as-it-cut-gross-leverage-and-raised-new-capital.html","title":{"rendered":"Arini’s Master Fund Lost 19.7% in October, Taking Its 2026 Decline to 32% as It Cut Gross Leverage and Raised New Capital:"},"content":{"rendered":"

\"Arini's<\/p>\n

HedgeCo.Net \u2014 Losses at Arini Capital Management’s master fund deepened in the final days of October, leaving the London-based credit specialist down 32% for the year after a 19.7% decline in October alone, according to an investor letter reported by Bloomberg. The year-to-date loss had stood at roughly 26% as of October 23, Investing.com reported, citing Bloomberg.<\/p>\n

The fund, run by founder Hamza Lemssouguer, has heavy exposure to CCC-rated corporate debt, one of the riskiest segments of the credit market, and the letter acknowledged that the firm underestimated the extent of the disruption in that part of the market. Arini attributed the weakness partly to technical pressures, including limits on how much CCC-rated paper collateralized loan obligations can buy and what it described as aggressive short selling. Holdings cited in the reports include debt of Altice International, Brightspeed and Aston Martin.<\/p>\n

In response, Arini re-underwrote each of its five largest positions, which together represent about two-thirds of net asset value, trimmed selected holdings and reduced gross leverage to its lowest level since early 2022, while signaling plans to diversify the portfolio. Some holdings have been offered for sale, with prospective buyers including Pacific Investment Management Co. and Oaktree Capital Management, according to the reports; initial transactions focused mainly on more liquid, better-performing assets.<\/p>\n

The fund is also still raising money. Arini took in $389 million of inflows over the past week as part of a broader $1.5 billion capital raise, according to the letter. Arini declined to comment to Business Insider.<\/p>\n

The combination of a deep drawdown, deleveraging and fresh subscriptions sets up a clear test for allocators: whether the new money is being committed at what investors view as distressed entry points in a concentrated, contrarian book, or whether further forced selling in CCC credit pushes marks lower before catalysts arrive.<\/p>\n","protected":false},"excerpt":{"rendered":"

HedgeCo.Net \u2014 Losses at Arini Capital Management’s master fund deepened in the final days of October, leaving the London-based credit specialist down 32% for the year after a 19.7%\u2026 Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":92524,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16044],"tags":[17263,17320,17265,17264,17319,1626],"class_list":["post-92525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hedge-fund-strategies-2","tag-arini-capital-management","tag-ccc-debt","tag-credit-hedge-funds","tag-hamza-lemssouguer","tag-high-yield","tag-leverage"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/92525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=92525"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/92525\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media\/92524"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=92525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=92525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=92525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}