Arini Capital Management Hedge Fund Losses Reach 32% In October

Arini Capital Management’s main high-yield debt hedge fund suffered a 19.7% loss in October, pushing its year-to-date declines to 32%.

The master fund, managed by Hamza Lemssouguer, received $389 million in inflows over the past week as part of a wider $1.5 billion raise.

The London-based firm trimmed risky positions and reduced gross leverage while re-underwriting its five largest holdings amid persistent credit market weakness.