Chenavari Concerned By Valuation In Credit MarketsMark Melin
Valuation levels in specific segments of the credit markets have been troubling to Chenavari Investment Managers since the beginning of 2014, the hedge fund notes in a letter to investors reviewed by ValueWalk. The credit hedge fund is having a spectacular year with the flagship hedge fund is up 23.01% in 2014.
In particular throughout the summer the hedge fund had become wary of some of valuation levels in High Yield, subordinated financial debt and high . . .
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