Cheyne Touts Long/Short Credit Fund Again

Cheyne Capital Management, the London-based credit fund manager with over USD27 billion under management, is marketing a second tap of the Cheyne Long/Short Structured Credit Fund.

  • 27 Jan 2006
Email a colleague
Request a PDF

Cheyne Capital Management, the London-based credit fund manager with over USD27 billion under management, is marketing a second tap of the Cheyne Long/Short Structured Credit Fund. The fund offers capital-protected exposure to long/short tranches and single-name credit-default swaps and is being road showed globally by Cheyne and JPMorgan. The U.S. firm writes the capital protection on the fund, which raised USD300 million on its first close in the summer (DW, 7/29).

Officials at both Cheyne and JPMorgan declined comment and details of any differences from the first launch, as well as the reason for the second marketing period, could not be determined by press time. The fund was the first to combine more than one long and one short tranche. JPMorgan structured the capital protection on the fund, using a variation of constant proportion portfolio insurance known as synthetic portfolio insurance.

  • 27 Jan 2006

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 30,363.50 109 7.56%
2 JPMorgan 27,423.07 94 6.82%
3 Goldman Sachs 27,365.68 53 6.81%
4 Barclays 25,009.79 63 6.22%
5 Deutsche Bank 22,679.02 69 5.64%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Mizuho 299.85 1 21.73%
1 ING 299.85 1 21.73%
1 Commerzbank Group 299.85 1 21.73%
1 BNP Paribas 299.85 1 21.73%
5 UBS 60.22 1 4.36%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 1,607.28 5 22.59%
2 Credit Suisse 1,301.65 4 18.30%
3 UBS 970.80 3 13.65%
4 BNP Paribas 522.35 4 7.34%
5 SG Corporate & Investment Banking 444.17 3 6.24%