Cheyne Notes Credit Market Pricing In Default At Unusual Rate

The markets are entering the fourth quarter in a “febrile state,” notes an investment letter from Cheyne Capital reviewed by ValueWalk, showing range with his medical thesaurus. What the credit hedge fund was saying is that the October drop in stock prices and subsequent increase in volatility caused the beating hearts of all investors to quicken, as their temperature increased with their fear. Cheyne Capital provides insights to M&A activity Putting aside the October hysteria, which might have been tamed by the U.S. Federal Reserve stock market plunge protection committee, the Cheyne letter provided insight into mergers and acquisitions activity that “constitutes…