Performance

Cheyne strategies span credit spectrum as majority gain ground

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Cheyne Total Return Credit led the pack in July as credit strategies continued their generally strong performance so far this year, with a monthly gain of 9.40% for its Class A shares taking its year-to-date return to an impressive 38.76%.

While Cheyne Total Return Credit was something of an outlier, July was a positive month on the whole for credit funds. Alcentra Structured Credit Opportunity made 4.40% on the month, CCA European Credit Opportunities was up 4.13%, Cheyne Real Estate Debt gained 2.78%, Cheyne Long Short Credit made 2.52% and Chenavari Corporate Credit made 1.74%.

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