Funds of Hedge Funds Mergers & Acquisitions / Joint Ventures

Altedge moves towards integration with Cheyne

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Altedge Capital (UK), a $300 million London based fund of funds manager founded in 2001, is likely to be integrated into Cheyne Capital Management's own funds of funds business over the next six months, subject to legal and regulatory approvals. Until the integration is complete the Altedge team will continue to operate with no change in their own offices.

The move follows the appointment of Chris Goekjian, founder of Altedge, as partner and chief investment officer of Cheyne. In this new role, he will report to Jonathan Lourie, chief executive. As CIO, Goekjian will have overall responsibility for