Cheyne Capital European Event Driven Fund Raises Over 100 Million :
Cheyne Capital Administration (UK) LLP (InchCheyne Capital") is pleased to declare that the Cheyne European Event Driven Account has effectively exceeded its first round AUM focus on of $100 generator by August 1st, raising a lot of the capital from new and current investors in only two months.
The fund has shipped 11 several weeks of consecutive positive performance since start in October 2009 including throughout the difficult months of Might and 06 and credits its performance to the Western location and particular middle limit expertise. The firm is constantly on the see chance within the fluid Western collateral and credit score areas exactly where deficiencies in other European based funds and proprietary tables has decreased the competitive environment.
The account invests predominantly in fluid hard catalyst European credit score and collateral situations and seeks return more than 20%. Despite a lower quantity of high profile big limit European Michael&A dealings than was initially predict for 2010, Cheyne is constantly on the see significant chance in the mid limit arena.
The account is managed by Simon Davies, Head of Event Driven, and Michel Massoud, co-Supervisor of Occasion Powered.
Chris Goekjian, CIO of Cheyne, said, "We're thrilled for the account to have handed this milestone of performance and AUM and therefore are very excited about the future prospects inside a space where we've significant experience and intellectual funds.Inch
Simon Davies, mind of Event Powered, said, InchWe're very pleased we are protecting the main city of our customers in this volatile period and that our expense design and comprehensive securing strategies are showing work. Furthermore our distinctive hard catalyst occasion driven strategic approach is recording possibilities both in the equity and credit markets and producing significant returns utilizing low levels of leverage. We're fortunate with an experienced group of nine and an knowledge and geographic concentrate that applies well to the present possibilities to produce leader in this space".
Cheyne Capital is one of Europe's top option asset supervisors. Cheyne launched its first account in 2000 and today handles internet assets of approximately $5 billion across a diversified range of products. The Cheyne team presently employs roughly 170 individuals with its main offices working in london, New York, and Bermuda. ...
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