London-based credit hedge fund Arini Capital Management lost further ground in October, with its flagship strategy down more than 21% for the year, according to the Financial Times. The roughly $7bn master fund lost an estimated 6.91% from early October to the end of last week, after a 15.7% decline in the first nine months of 2026. Losses stem from concentrated positions in distressed bonds and loans of Altice International, Brightspeed and Aston Martin, plus a smaller stake in German property group Adler, whose bonds fell below 60 cents on the euro after Berlin proposed nationalising assets of large landlords. Meanwhile, its asset-backed lending and private credit strategies performed better, with its first direct lending fund closing through a sourcing alliance with Lazard that targets more than $4bn in deployment, and $1.5bn in fresh commitments for the flagship strategy. Arini says the mark-to-market losses reflect the investment process rather than soured investments, and has given clients more detail on valuation, liquidity and risk controls.
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Original headline: Arini YTD losses exceed 21 % as distressed bets …
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SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/21/2026 | 773.09 |
| Change that session | +0.53% |
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