Cheyne Capital Management will manage a new arbitrage focussed UCITS fund on the Union Bancaire Privée UCITS platform.

The fund will combine a core yield component with merger arbitrage and oportunistic arbitrage strategies. According to Cheyne, the strategy is very well suited to today’s increasingly volatile markets, both because of its market neutrality and because end-of-cycle regime changes often provide a tailwind for M&A volumes.