As the global financial markets are facing new challenges every day, people who were on the front line when the economy took a hit are now experiencing a rebirth and rising again. Loic Fery is among those people.
He works as a head of Chenavari Investment managers at the age of 45 years and has a net worth of $5.5 billion. Some time ago, when the financial crisis had hit the market, Fery launched his career and started making sales, and now he is focused on making profits from all of his hard-earned money.
He launched his career amid the financial crisis
In 2007, when the global markets were under the direct hit of the financial crisis, Fery was making his mark in the trading world of Europe. At the age of just 33 years, he became the global head of credit markets for Caylon, which is the investment branch of Credit Agricole.
Fery at that time looked over 200 traders who were set to compete against the brightest firms of London and New York. Due to some circumstances and conditions, Fery had to leave his job.
When times were trying, he started again
When the crisis was still going on, In 2008, he tried to restart his career from scratch. He had only $50 million in the form of capital. He made the team out of his previous coworkers, and a trader named Frederic Couder, who is also 45 years old now, cofounded Chenavari.
The purpose of building this company was first aimed at earning money through betting on recovery credit markets.
This project of his received praise from many people, and he got a lot of investment in that and turned that investment into huge profits. The business took many names and expanded further.
Now Coronavirus, as if the recession wasn’t enough
Fery, who is now a player of the investment arena, was not ready for the pandemic. Still, he managed to pull out from it. his firm has made a ton of money till now. Fery has views regarding the outbreak that the market is uncertain, and there is a chance that most of the global markets may be on the verge of recession.
If the death toll of humans was not enough, the world markets are facing tremendous difficulties as many businesses are shutting down, and the effects might be everlasting. Fery further said that many of the central banks have still not come to aid in the current situation and are trying to spectate the current situation silently.