Chenavari ABS fund up amid quarter-end volatility

Chenavari Investment Managers’ Toro Capital IA fund — which invests in a broad mix of European securitized assets — posted returns of 1.08% last month, amid sharper market volatility towards the end of the first half of the year.

  • By Joseph McDevitt
  • 22 Jul 2013


In an investor update seen by EuroWeek’s sister publication Securitization Intelligence (SI), Chenavari officials said June’s wider volatility, coupled with the traditional quarter-end illiquidity, presented “great opportunities” for portfolio rebalancing.

“The latest vintages of peripheral senior RMBS lost 3 to 4%, while high beta mezzanines — such ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 117,261.12 337 11.09%
2 Bank of America Merrill Lynch 94,723.52 272 8.96%
3 JPMorgan 92,612.23 269 8.76%
4 Wells Fargo Securities 82,597.19 239 7.82%
5 Credit Suisse 69,442.99 183 6.57%