Cheyne European Event Driven Fund: Cheyne Capital Management (UK)

Volatility offers opportunities

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Although many people would take one look at Europe and turn away, Simon Davies (pictured), head of the event driven division at Cheyne Capital, sees a wealth of opportunities. As one of a team of nine for the European Event-Driven Fund, Davies is surprisingly upbeat about European merger and acquisition (M&A) activity.

“For us, I have always said we have never needed a large-cap M&A boom to be able to make money. Our fund is nimble enough to be able to invest in mid-cap M&A situations and credit