European credit markets have gone through a significant shift in market dynamics over the past five years, as low-interest-rate debt is coming due and traditional sources of financing retreat. Bloomberg Intelligence analysts Noel Hebert and Sam Geier are joined by Arini Capital Management CIO and Founder Hamza Lemssouguer on this episode of Credit Crunch to discuss how Arini is capitalizing on structural inefficiencies in high yield credit markets. The conversation gets into the founding of the firm and their approach to running a long/short book before touching on the extension into CLOs, dispersion despite tight spreads and the impact of shifting costs of capital.

The Credit Crunch podcast is part of BI’s FICC Focus series. Listen on Apple Podcasts and Spotify.