Approach
Rigorous value vs risk, self-critical approach, striving to shape a better future
Approach
Rigorous value vs risk, self-critical approach, striving to shape a better future
Value Driven
Focus is to seek value across European credit markets
Fundamental research underpins all investment decisions. The proposed investment strategies aim to offer attractive risk-adjusted investment returns by sorting opportunities with a relative value filter, and considering their positioning within the respective portfolio.
Risk Focussed
Risk management is integrated to pre and post investment decisions
Chenavari's robust risk framework is supported by CLARK proprietary technology, enabling to run real-time portfolio assessment and stress scenarios.
Regular forums such as investment committees and portfolio reviews allow constructive debates between investment professionals and risk team, mitigating downside for portfolios.
Self-Critical
“Decision makers will make better choices when they expect their decision to be judged by how it was made, not only by how it turned out. “
Daniel Kahneman
The Firm believes in an iterative process involving constantly reviewing investment thesis in the context of incremental news, which requires retaining a dispassionate view of the opportunities at hand, even after spending weeks on an investment proposal.
The investment process is built upon this philosophy across all portfolios, from tradable strategies to private credit. A pre-mortem analysis is conducted ahead of any transaction, and post-mortem after investing, as a continuous process.
Responsible
Design investment strategies to shape a better future
Chenavari recognises the importance of Environmental, Social and Governance (ESG) considerations for our society, and acknowledges that investment decisions can contribute to shape a better future.
Chenavari is committed to integrating sustainability factors into its investment decision-making process and to design investment solutions that help finance the transition to a low-carbon economy.
Value Driven
Focus is to seek value across European credit markets
Fundamental research underpins all investment decisions. The proposed investment strategies aim to offer attractive risk-adjusted investment returns by sorting opportunities with a relative value filter, and considering their positioning within the respective portfolio.
Risk Focussed
Risk management is integrated to pre and post investment decisions
Chenavari's robust risk framework is supported by CLARK proprietary technology, enabling to run real-time portfolio assessment and stress scenarios.
Regular forums such as investment committees and portfolio reviews allow constructive debates between investment professionals and risk team, mitigating downside for portfolios.
Self-Critical
“Decision makers will make better choices when they expect their decision to be judged by how it was made, not only by how it turned out. “
Daniel Kahneman
The Firm believes in an iterative process involving constantly reviewing investment thesis in the context of incremental news, which requires retaining a dispassionate view of the opportunities at hand, even after spending weeks on an investment proposal.
The investment process is built upon this philosophy across all portfolios, from tradable strategies to private credit. A pre-mortem analysis is conducted ahead of any transaction, and post-mortem after investing, as a continuous process.
Responsible
Design investment strategies to shape a better future
Chenavari recognises the importance of Environmental, Social and Governance (ESG) considerations for our society, and acknowledges that investment decisions can contribute to shape a better future.
Chenavari is committed to integrating sustainability factors into its investment decision-making process and to design investment solutions that help finance the transition to a low-carbon economy.
Value Driven
Focus is to seek value across European credit markets
Fundamental research underpins all investment decisions. The proposed investment strategies aim to offer attractive risk-adjusted investment returns by sorting opportunities with a relative value filter, and considering their positioning within the respective portfolio.
Risk Focussed
Risk management is integrated to pre and post investment decisions
Chenavari's robust risk framework is supported by CLARK proprietary technology, enabling to run real-time portfolio assessment and stress scenarios.
Regular forums such as investment committees and portfolio reviews allow constructive debates between investment professionals and risk team, mitigating downside for portfolios.
Self-Critical
“Decision makers will make better choices when they expect their decision to be judged by how it was made, not only by how it turned out. “
Daniel Kahneman
The Firm believes in an iterative process involving constantly reviewing investment thesis in the context of incremental news, which requires retaining a dispassionate view of the opportunities at hand, even after spending weeks on an investment proposal.
The investment process is built upon this philosophy across all portfolios, from tradable strategies to private credit. A pre-mortem analysis is conducted ahead of any transaction, and post-mortem after investing, as a continuous process.
Responsible
Design investment strategies to shape a better future
Chenavari recognises the importance of Environmental, Social and Governance (ESG) considerations for our society, and acknowledges that investment decisions can contribute to shape a better future.
Chenavari is committed to integrating sustainability factors into its investment decision-making process and to design investment solutions that help finance the transition to a low-carbon economy.
Responsible
We strive to shape a better future without compromising on returns.
“We recognise the importance of Environmental, Social and Governance (ESG) considerations for our society, and we acknowledge that our investment decisions can contribute to shape a better future, without compromising on investment return.
We are committed to integrating sustainability factors into our investment decision-making process and continue to fine-tune bespoke integration approach mirroring the specificities of each investment portfolio.”
Investment Process
Our investment process is an iterative loop involving constant evaluation of different inputs.
Define our medium-term outlook relevant for the investment strategy. Assess the impact of macro indicators, corporate and other news-flow on our portfolios.
This involves understanding the company’s business, both financial and non-financial characteristics, including relevant ESG factors or criteria.
Through our fundamental lens, we seek attractive risk-adjusted value opportunities, across capital structures, between sectors, issuers, borrowers and across maturities. Beyond fundamentals, risk management, timing and quality of execution play an equal part in our decisions to invest.
Driven by a combination of hard and soft, self-imposed limits with the aim of creating a diversified portfolio which respects the liquidity profile of the fund or mandate we manage.
For Tradable strategies, this includes daily market risk and limits monitoring. For Private Credit strategies, monitoring includes ongoing dialogues with the borrowers or originators, checking covenant triggers, business plans and remittance reports, and re-testing the underwriting base case with new data.