James Caird Asset Management has lured away two members of Cheyne Capital’s special situations team, based on its belief that event-driven strategies will be key to investment success at this point in the financial cycle.
Ian Newton and Matthew Addison joined JCAM from Cheyne last month. Newton has more than 17 years’ experience in special situations investment management. Addison became a partner at Cheyne in 2007 and focuses on event-driven equities, merger arbitrage and stressed/distressed debt strategies.
The duo are the latest in a series of recent hires for JCAM’s London operation. Others include fellow Cheyne veteran Alastair Gilmour,