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Cheyne launches $1bn distressed credit fund

Chief executive Jonathan Lourie says the 'time is right' for chasing distressed opportunities in Europe

Cheyne launches $1bn distressed credit fund

London hedge fund Cheyne Capital has hired BlueBay Asset Management's head of leveraged finance and three others to launch a new $1bn distressed investment strategy.

Anthony Robertson exits BlueBay after 13 years at the firm. Moving with him is analyst Jorge Lazaro.

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