It might be expected that a niche fixed income fund manager will say his asset class is full of promise, but in the case of property debt one prominent specialist fund manager has been joined by a growing number of diversified fixed income managers in...
Repayments of real estate bonds based on retail property in Germany has helped the Real Estate Credit Investments fund of Cheyne Capital post a significant increase in profit, and NAV growth in the quarter to 30 September.
Cheyne Capital's listed Real Estate Credit Investments hedge fund has increased cash holdings to take advantage of market dislocations, as it harvests some attractive profits from a similar strategy it pursued in difficult markets about a year ago.
Cheyne Capital Management will launch two new Ucits IV compliant funds: the Cheyne Global Credit Fund and the Cheyne European Real Estate Bond Fund.
A rally in debt and credit after Europe's Central Bank announced cheap finance for banks has helped the Real Estate Credit Investments fund's positions gain 2.4% in January, but could not save it from a £3.2m net loss in 2011's closing quarter.
The storms gathering over the eurozone may well cast shadows over the Swiss cantons, but local institutions are successfully navigating the turbulence.
News from Polar Capital, SYZ & CO, Natixis Global Associates, Cheyne Capital, Fitch, iShares
The Real Estate Credit Investments fund, run by Cheyne Capital, has taken a defensive stance in terms of geographic exposure and high cash holdings, given the deteriorating economic outlook for Europe.
Shamez Alibhai, of Cheyne Capital’s $940m real estate debt strategy says European real estate markets are the “last remaining dislocation” from the Lehman fall.
Continuing recovery in the market for debt related to Western European property, and successful stock picking, helped the Real Estate Credit Investments investment trust rise 6.3% in value in the first quarter.
A selection of winners of the European Performance Awards give their views on a range of issues from oil markets to the continuing crisis in the eurozone as well as the opportunities in CoCos.
A change of focus by listed hedge fund Real Estate Credit Investments to concentrate on real estate debt including mortgages backed by residential and commercial property paid off last quarter, as it posted a 7% rise in portfolio value and a 48% jump...