Cheyne European Event Driven Fund: Cheyne Capital
Management (UK)
Volatility offers opportunities
Author: Margie Lindsay
Source: Hedge Funds Review | 31 Oct 2011
Despite a volatile environment, European event driven opportunities abound for the Cheyne...
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Cheyne European Event Driven Fund: Cheyne Capital
Management (UK)
Volatility offers opportunities
Author: Margie Lindsay
Source: Hedge Funds Review | 31 Oct 2011
Despite a volatile environment, European event driven opportunities abound for the Cheyne fund,
dominated with defined short-term hard catalysts, particularly in the mid-cap area.
Although many people would take one look at Europe and turn away, Simon Davies, head of the
event driven division at Cheyne Capital, sees a wealth of opportunities.
As one of a team of nine for
the European Event-Driven Fund, Davies is surprisingly upbeat about European merger and
acquisition (M&A) activity.
“For us, I have always said we have never needed a large-cap M&A boom to be able to make money.
Our fund is nimble enough to be able to invest in mid-cap M&A situations and credit as well,” he
explains.
Performance of the fund, which returned a healthy 20.
48% in 2010, is generated mainly by equity
mid-cap and credit.
While Davies admits M&
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