Chenavari Investment Managers, the $5.3 billion European alternatives group, is out to hire more managers, in a bid to take advantage of growing opportunities in distressed debt over the months ahead.

The firm's chief executive and co-chief investment officer Loïc Fery told Financial News: "The market environment offers fundamental value-driven opportunities. This is Chenavari's DNA. We have hired additional senior corporate distressed professionals and we are still open to hire additional talent."