Carne Global assists Cheyne Capital on Ucits fund launch
Cheyne Capital, the London based hedge fund manager, has established a convertible bond strategy fund, the Cheyne Select Convertibles Fund, within an Irish domiciled Ucits umbrella.
The fund is intended to be the first in a series of Ucits funds to be launched by Cheyne.
Cheyne Capital has chosen Carne Global Financial Services to assist it in launching its Ucits funds.
Carne Global says large distributors and major banks are now looking for more Ucits hedge fund products for their asset allocation strategy, for example in the construction of Ucits hedge funds of funds.
Carne is represented on the board of the fund as an independent director.
John Donohoe (pictured), chief executive officer of Carne, says: “It has been a welcome challenge and success for Carne to work for a firm as highly regarded as Cheyne Capital, a leader in the global alternative investment management industry.
“We are experiencing great interest in what Ucits has to offer alternative mangers and their investors. We are also working with many wealth managers who are establishing Ucits hedge products for distribution to their investors.”
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