Cheyne builds momentum again with emphasis on core skills and strengths
Mon Oct 22, 2012
Twelve years on from its inception and after a post-crisis rejuvenation, credit-based specialist Cheyne Capital is seeing growth across all five of its key investment areas
Cheyne Capital, the London-based firm founded by ex-Morgan
Stanley duo Jonathan Lourie and Stuart Fiertz that is now 12
years old, has proved itself many times over as a survivor and
an innovator in the fast-changing and often turbulent hedge
Jonathan Lourie and Stuart Fiertz
Having overcome a number of setbacks around the credit
crisis in 2008 and 2009 and the resulting industry-wide
problems, the firm is on a roll again.
Most of its mainline funds are performing well - several of
them very well. Net assets are around $6 billion - with $4.5
billion in hedge funds and with the firm attracting some $3
billion of fresh capital over the past few years.
And new managers are joining the firm's 45-strong investment
team to expand further its range of core investment strategies
spanning corporate credit, real estate debt, event-driven,
convertible bonds and equities.
The air of...
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