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Funds
Cheyne plans Ucits III long-short credit fund, reports Citywire
Thursday, March 18, 2010
London-based hedge fund manager Cheyne Capital is planning a long-short credit fund in Ucits III format, reports Citywire. The new fund, which will be managed by John Weiss and David Peacock, will mirror the strategy of the firm’s existing long-short credit hedge fund, according to the article. It will target returns of 6-8% above Libor.
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CLO index levels:
| Index | 6 Feb |
|
| CFlux USD AAA | ↑ | 94.9 |
| CFlux USD AA | ↓ | 81.3 |
| CFlux USD A | ↓ | 75.0 |
| CFlux USD BBB | ↑ | 74.8 |
| CFlux USD BB | ↑ |
72.1 |
| CFlux USD EQ | ↑ | 67.6 |
