Fund admin and custody mandate for Irish Citibank 14 May 2012Ireland Reporter: Georgina Lavers
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Citibank Ireland will provide administrative and custodial services to two UCITS IV funds launched by Cheyne Capital Management.
The Cheyne Global Credit Fund is a UCITS IV compliant fund offering weekly liquidity. It positions investment grade and crossover credit, primarily in North America and Europe, where the team believes credit spreads are currently pricing in too much downside given the very robust fundamentals of most corporate balance sheets.
The Cheyne Real Estate Bond Fund is a UCITS IV compliant fund focusing on high quality real estate-backed bonds. The team identified what they believed was a compelling investment opportunity arising from the structural dislocation in Europe’s €1.4 trillion real estate debt market, offering attractive yields with strong downside protection.
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