The Chenavari Long/Short Corporate Credit Strategy seeks to provide consistent absolute returns through active trading and investment principally in a portfolio of diversified credit strategies, with the objective to capitalize on fundamental and structural value embedded in credit markets. The Strategy pursues corporate credit strategies mixing both fundamental analysis and technical's affecting corporate credit markets. Credit-default swaps are the main instruments used by the strategy, both for long and short risk positions. Trading strategies includes relative value, directional and convexity strategies and bonds. AUM reflects aggregate of Corporate Credit share classes and is denominated in USD. The track record derives from an audited managed account (from Oct 08 to Oct 09) and then from the Fund itself (Nov 09 onwards) pursuing the same strategy, with constant 2-20% fee structure.