Cheyne Capital’s hedge funds, with a total of $6.6 billion under management, mostly returned double digit positive performance in 2013, according to an investor letter reviewed by ValueWalk.
Analysis of Cheyne Capital letter
The letter noted that as the equity markets rallied to all time highs – and long underperformer Japan delivering its largest annual gain in 40 years – the year was “less auspicious” for emerging markets as they prepared for the Federal Reserve to scale back its quantitative easing program. “The abundance of central bank liquidity – not just the Fed’s...
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