Cheyne strategies span credit spectrum as majority gain ground


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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