Alternatives boutique Cheyne Capital Management has launched a long-biased investment grade Ucits fund, the company has confirmed.
The Cheyne Enhanced Global Credit fund is the firm’s latest offering from its investment grade corporate credit strategy and is a long-biased, investment grade corporate credit fund.
The Dublin-domiciled strategy is an extension of Cheyne’s Ucits-compliant Global Credit fund, but will run with a slightly different risk/return profile.
The fund will be managed by Sean Boland and Mark Flack, who are part of the firm’s corporate credit team. This was established in 2002 and is run by John Weiss and David Peacock.
Registered with the Bank of Ireland on October 11, the new strategy has been launched in response to investor demand and is expected to be live before the end of the year.
Cheyne Capital confirmed the launch of the fund but were unable comment further on the strategy.