Cheyne Funds Wrap Up 2014 With Strong Sharpe Ratio; 18% Return

European hedge fund group wraps up generally good year & looks forward to 2015 as its real estate, credit and European hedge funds lead transitional period

The Cheyne Total Return Credit Fund, after delivering a 17.5 percent net return in 2014, just can’t seem to get any attention from the hedge fund’s founder and CEO, Jonathan Lourie.

Of the more than 13 hedge fund products the firm offers, it was the Cheyne Total Return Credit Fund that delivered the most significant absolute returns last year.  It wasn’t just near 20 percent absolute returns that was impressive, but it garnered a 2.5 Sharpe Ratio in doing so. The Sharpe ratio is a measure of risk and reward that considers upside and downside volatility as the same level of risk. Notable performance, but Lourie turned the spotlight on a different corporate credit fund in his letter.