How Chenavari is adapting to an uncertain macro regime

A decade of low rates and abundant central bank liquidity created a tough environment for credit specialists on the buy side. Many were forced to either shutter or move to a multi-strategy model. But the transition to a new macro regime characterised by higher inflation and interest rate uncertainty suggests better times ahead.

Chenavari stuck out the credit lull by pushing beyond its roots in traded markets and going further into private credit sectors, such as asset-backed, consumer and real