Cheyne Capital launches Ucits venture

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14 September 2009

UK hedge fund manager Cheyne Capital Management has unveiled it first Ucits III fund

UK hedge fund manager Cheyne Capital Management has unveiled it first Ucits III fund, The Wall Street Journal reports. JP Morgan Ireland will be administrator and custodian to the Cheyne Select Ucits Fund.

The new fund will invest in interest-paying...

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Poll

What will UCITS IV mean to the market?

It will increase economies of scale and reduce costs for UCITS investors

34%

It will provide more choice, transparency and investor protection

17%

It will encourage the consolidation of funds

17%

It will result in a push by firms to domicile in a single location as opposed to multiple

17%

No real effect at all

14%