Hedge Funds

Cheyne real estate debt duo profit from continuing credit dislocations

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Managers believe the asset class offers the last big remaining post-Lehman dislocation, with senior debt on properties often yielding more than the underlying real estate itself

Shamez Alibhai Ravi Stickney

Cheyne Capital’s real estate debt fund has produced impressive numbers since launching in 2009, by targeting undervalued credits in the sector via three innovative sub-strategies that are offered individually to investors.

And the Cheyne Real Estate Debt Fund’s portfolio managers, Shamez Alibhai and Ravi Stickney, believe opportunities are still ripe for the fund despite a general post-crisis recovery in many other asset classes.

Alibhai joined Cheyne in April 2006 having previously spent two years with Credit Suisse, where he traded residential whole loans. Before that, he worked at