Arini, which has been beset with losses this month, has gotten bids on some of its high-yield debt holdings from asset managers including Pimco and Oaktree, according to people familiar with the matter.
Arini Capital Management's flagship fund was down 12% for the month through Oct. 23 and around 26% so far this year, on track for the first annual loss.
Losses at Arini’s main hedge fund deepened in the final days of October, taking declines to 32% for the year, according to a letter to investors seen by Bloomberg
Hamza Lemssouguer’s Arini Capital Management opened its credit trading strategy to new cash after two years even as the firm’s main hedge fund suffered losses for five consecutive months amid widespread market dislocation