Cheyne launches global credit and real estate bond Ucits

Cheyne Capital Management will launch two new Ucits IV compliant funds: the Cheyne Global Credit Fund and the Cheyne European Real Estate Bond Fund.

Chris Goekjian, chief investment officer, said: “Cheyne believes corporate credit and real estate debt are extremely compelling investment opportunities in today’s markets. Thanks to the firm’s unrivalled expertise in these two asset classes, these flagship strategies have provided solid returns for investors since inception and we are pleased to be broadening their investor base.”

The Cheyne Global Credit Fund is an actively managed, directional Ucits IV compliant fund offering weekly liquidity. It positions investment grade and crossover credit, primarily in North America and Europe. Cheyne’s corporate credit team manages net assets of $1.3b.

The Cheyne Real Estate Bond Fund is a Ucits IV compliant fund investing in real estate-backed bonds offering weekly liquidity. Cheyne’s real estate debt team oversees net assets under management of $1.3bn.

Jonathan Lourie, co-founder and chief executive said: “Cheyne has ten years of experience in corporate credit investing and eight years of experience in real estate debt investing and we look forward to enabling a wider range of investors to access two of our leading and most successful strategies.”

The funds will be managed by Cheyne with Citibank International Ireland Branch acting as administrator and custodian. They will be regulated by the Irish Financial Services Regulatory Authority. The investment portfolios of the funds are based on those of two existing flagship Cheyne strategies.

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