Lemssouguer’s Hedge Fund Gains 7% as Assets Hit $5.2 Billion

Hamza Lemssouguer’s hedge fund shrugged off a mediocre first half of the year with gains of about 7% in July and the former Credit Suisse trader told investors he is positioned to exploit funding gaps ahead of a looming debt wall for many European corporates.

The returns helped his flagship Arini Credit International Fund rebound from a small loss during the first six months to gain 6.6% through July, according to an investor letter seen by Bloomberg. Arini’s Structured Credit Equity fund was down 3.2% during the period, the letter showed.