Cheyne Capital wins three above acclaim awardsStore this angel in big sizeCheyne Capital, a arch addition asset manager, won three above awards for its acclaim armamentarium business at the Creditflux industry awards in London.
Cheyne won the celebrated Manager of the Year award, as able-bodied as the awards for the Best Long/Short Credit Hedge Fund and Best Synthetic Equity CDO. These awards, calm with a added 5 nominations, authenticate Cheyne's absolute ability and connected administration above the Credit space.
The Creditflux winners are called based on bright quantitative criteria, and nominees cover the arch acclaim managers world-wide. The Manager of the Year accolade accurately recognises Cheyne's connected achievement above altered acclaim products.
Cheyne's Corporate Credit aggregation of 18 investment professionals oversees about $3 billion of disinterestedness in continued alone and long/short creditrelated strategies.
John Weiss, co-head of Corporate Credit at Cheyne said, "We are captivated to accept won these above awards which recognise the backbone of our accident administration and the acceptable achievement we abide to bear to our audience admitting the accepted bazaar turmoil."
Jonathan Lourie, architect of Cheyne added, "These awards accentuate the actuality that the acclaim bazaar is still breath and blame and above allotment abide available. Our accumulated acclaim aggregation is breeding able achievement for our investors and seeing inflows of assets. Despite difficult bazaar conditions, our Long/Short acclaim strategies are up amid 9% and 13% for 2008. Credit is one of Cheyne's amount businesses and we are captivated for the aggregation and our audience to accept this well-deserved recognition."
Cheyne Capital is one of Europe's arch addition asset managers. Cheyne Capital Management (UK) LLP is authorised and adapted by the UK FSA and, alternating with added locations of the group, is a registered investment adviser with the US SEC. Cheyne launched its aboriginal armamentarium in 2000 and today manages net assets of about $11 billion above a adapted apartment of products. Cheyne currently employs over 220 humans with its primary offices in London, New York, Hong Kong and Bermuda.
Cheyne Capital Management (UK) LLP
Stornoway House
13 Cleveland Row
London
SW1A 1DH
T: +44 (0)20 7031 7450
F: +44 (0)20 7031 7680
www.cheynecapital.com/
2009年12月16日星期三
Cheyne Capital - Cheyne takes affliction aboriginal to position funds for rebound
Cheyne Capital ManagementStore this angel in big sizeOver the eight years that it has been in business, Cheyne Capital has developed into one of the a lot of adapted firms in the European-based barrier armamentarium industry.
Set up in 2000 as a convertible and acclaim specialist by above Morgan Stanley men Jonathan Lourie and Stuart Fiertz, who accept formed calm for some 17 years, the close has complete a acceptability as an avant-garde and adept multiple-strategy asset administrator - with a history of reacting to periods of bazaar about-face by accession itself strategically to crop advantage of consecutive recovery.
With assets beneath administration of some $11 billion, a agents of over 200 humans and a advanced arrangement of some 34 abstracted investment products, funds and strategies, the close has accustomed a ample and ever-expanding belvedere above a ambit of altered asset classes.
It occupies a market-leading position in investment-grade acclaim (with a aggregation of some 22 humans managing about $3 billion of net assets in long/short and long-only products) and in sub-investment brand credit/event-driven strategies (with a added 25 humans and about $3.6 billion of assets).
Through its offices in New York and Hong Kong as able-bodied as its capital London base, the close is aswell breath in European and all-around equity, as able-bodied as in equity-related instruments, and runs a apartment of six equityfocused strategies - four of which produced allotment of added than 20% in 2007, with the added two announcement allotment in balance of 10%. And, in tune with the firm's aesthetics of consistently gluttonous to advance into areas of new opportunity, Cheyne is aswell developing a able belvedere in what the close describes as "new alternatives".
These cover called areas of specialised accounts like asset-based costs and absolute lending area it sees an befalling to accumulation from the contempo bazaar dislocations, the problems in the cyberbanking area and the accretion disintermediation of banks - at a time if abounding acceptable case lenders are focused on shrinking their antithesis sheets.
Few firms can avowal as assorted or as multistrategy a barrier armamentarium business as Cheyne. But the close begin itself in the eye of the acclaim storm endure autumn on anniversary of chief to cut its losses aboriginal on two of its abate specialised acclaim cars - neither of which is a barrier armamentarium and which calm represent beneath than 4% of the firm's AUM.
Compared to the rather added affecting credit-related contest - including massive writedowns by a lot of of the world's above banks and added big players in the market, alternating with a amount of acclaim funds dematerialization altogether - the problems at the listed Queen's Walk investment aggregation and with an asset-backed SIV structured acclaim costs car were hardly headline-deserving material.
The abatement in Queen's Walk's NAV - which, afterwards demography into anniversary the assets that accept been paid out, was ultimately just 13% to the end of March this year - was in actuality triggered by Lourie and Fiertz anecdotic the admeasurement of the problems in the US sub-prime mortgage bazaar afore a lot of of their peers.
As for the SIV, the ambagious down of the Cheyne car was the aboriginal of abundant agnate episodes at added firms area structured costs articles are accepting restructured or asleep as a aftereffect of the problems in the ABS and CDO markets and the systemic crisis in the asset-backed bartering cardboard markets.
The appulse on disinterestedness investors in the Cheyne SIV itself - abounding of whom formed over into added and added assisting investments aural the close - was limited. And its appulse on added and bigger locations of the firm's business, and on its abiding and commonly actual loyal broker base, has been minimal. Indeed, admitting the challenges of 2007, Cheyne's net assets beneath administration still grew by some 7% endure year.
"We were aboriginal into the acclaim crisis and we accept we are traveling to be aboriginal out of it," says Lourie. "The aspect of our business has been in responding opportunistically to articulation credibility in the markets and we anticipate this is addition of those opportunities."
He adds: "Our aesthetics has consistently been to crop the affliction early, action your way through it, assure yourself if you are in the eye of the storm and ensure that you are in the best and arch position accessible to crop advantage of the rebound."
Already the affirmation is arising that Cheyne is afresh accomplishing just that - and that the firm's big investment-grade acclaim team, in particular, is already starting to accumulation from the dislocations that accept addled the all-around acclaim markets and laid low a amount of its aeon over the endure year.
Led by John Weiss, the group's flagship Cheyne Long/Short Credit armamentarium is already up by some 5.5% this year - at a time if several of its big rivals are continuing to address baptize - and the aggregation is award a ambit of relative-value trading opportunities to accomplishment the boundless accent in the higherquality acclaim markets.
The accumulation has steered bright of some of the added baneful instruments in the constructed acclaim amplitude - such as the now-notorious CPDO instruments, area it appears that a modelling 'glitch' may accept acquired the agencies to accredit triple-A ratings to articles that should accept been rated several notches lower.
"We were accepting courted by all the investment banks to do CPDOs," says Weiss. "But we just couldn't get adequate with the anatomy and the risk/reward profile."
Instead, the accumulation is absorption its absorption on constructed acclaim articles involving alone the world's best accumulated credits - with its awful accomplished acclaim appraisal aggregation active abundant proprietary appraisal on the 700 or so a lot of creditworthy companies globally and application structured acclaim positions to accurate axiological acclaim views.
"Everything we do is synthetic," says Weiss. "It is actual simple to accounts the positions. The clamminess in acclaim derivatives is actual good. Dealing spreads accept captivated up actual able-bodied in the sector. And, admitting all the abrogating predictions, the acclaim derivatives bazaar is continuing to abound and advance all the time."
Over the endure six years Cheyne's longeststanding investment brand acclaim armamentarium has produced annualised allotment arctic of 20% - while the close has aswell tailored abundant bespoke acclaim investment strategies for its audience that accept about paid off handsomely.
In addition, the close is one of the better accumulated acclaim traders in the business, axis over some $6-8 billion a ages - and its awful breath access to acclaim armamentarium administration is in abrupt adverse to the delight of changeless and irenic managed articles in the market.
It is not just in investment-grade acclaim that the close sees opportunities. Cheyne is continuing to aggrandize into new acclaim areas, with the contempo hiring of a US high-yield debt aggregation from US-based SAC accessory Intrinsic.
The aggregation - led by Mattias Bullrich, cofounder of beat US acclaim close ARX Investment Management - has produced a able alpha with the firm's new US highyield fund, which is already up by some 3% back its barrage in February.
But the Cheyne principals aswell see befalling above the blow of the firm's complication of articles and strategies. In the event-driven and sub-investment brand acclaim space, the close has had a quiet time of backward - bearing a collapsed acknowledgment endure year and blockage collapsed afresh this year in a actual arduous bazaar environment.
But the team's abiding clue almanac continues to be one of the arch in the business - with an annualised acknowledgment on the flagship Cheyne Special Situations armamentarium still at about 14% back birth in May 2003, admitting the adverse altitude of the endure year.
The Special Sits armamentarium has aswell repositioned its portfolio - with added hires accepting brought in to addition its activities in the added able fatigued and afflicted amplitude - and Lourie is assured that, accepting asperous the storm in its space, the accumulation will be able-bodied positioned to accomplishment the accepted environment.
In disinterestedness strategies, Lourie and Fiertz are aswell analytic to add to the disinterestedness and equityrelated belvedere - which currently accounts for about 20% of the firm's absolute assets beneath management.
"We are analytic to abound the disinterestedness business selectively," says Lourie. "It is analytic to add to our disinterestedness platform, based on a fundamentally-driven aesthetics that fits in able-bodied with our acclaim approach."
Performance in the disinterestedness funds has been able - with the firm's Global Catalyst fund, an adept and high-vol all-around trading strategy, abiding about 27% endure year and now aback in absolute area afresh for this year afterwards a difficult alpha in January.
The long-running Cheyne Value Fund is assuming an annualised acknowledgment of some 20%, while the European Opportunities armamentarium - managed on a white-label base by ex-Morgan Stanley banker Casey Gard out of New York - is one of the a lot of connected abiding performers in the European long/short disinterestedness space.
And the principals see cogent opportunities to abound and advance the 'new alternatives' belvedere - area the latest action is the barrage of an energy-related basement investment fund, a abiding action that has already aloft some $700 actor from mainly institutional investors at its aboriginal closing.
"We are analytic to aggrandize in areas area we can actualize a acceptable bend and area we can get to assets area the amount hasn't been awkward out by the banks," says Fiertz. "Where we see gaps in the jigsaw, we will try to ample them."
So it is bright that the close believes that the accepted investment ambiance is of the blazon that has historically created the best befalling sets for barrier funds to accomplishment - and the faculty of activity and action is tangible.
But the close will not just coursing new articles and strategies for the account of it. "We will consistently attending at new strategies and areas, but we charge to be able to see acutely the befalling and to abstain the awash trade," says Lourie.
At a accumulated cardinal level, it is believable that Cheyne may one day chase the aisle taken by a amount of added arch European groups in affairs a pale to an institutional broker - although the principals are in no bustle to do so, admitting accepting some approaches in contempo years.
Conversely, the close may aswell crop stakes in added specialist asset administration firms - as it has auspiciously done with the Parisbased convertible band specialist Acropole, in which Cheyne owns a 33.5% pale - as a way of accretion its own reach.
And, in a business area managing relationships with humans is just as important as managing money, Lourie and Fiertz are appreciative of the adherence and constancy of the firm's investors over the years - abounding of whom accept been audience for the 17 years that they accept formed together, initially designing convertible investment strategies for Morgan Stanley's abundance administration audience in the 1990s - and aswell of the firm's own team.
"Having a bookish atmosphere - and adorning a ability of arete - are actual important to us," says Lourie.
Cheyne Capital is one of Europe's arch addition asset managers. Cheyne Capital Management (UK) LLP is authorised and adapted by the UK FSA and, alternating with added locations of the group, is a registered investment adviser with the US SEC. Cheyne launched its aboriginal armamentarium in 2000 and today manages net assets of about $11 billion above a adapted apartment of products. Cheyne currently employs over 220 humans with its primary offices in London, New York, Hong Kong and Bermuda.
Cheyne Capital Management (UK) LLP
Stornoway House
13 Cleveland Row
London
SW1A 1DH
United Kingdom
T: +44 (0)20 7031 7450
F: +44 (0)20 7031 7680
Set up in 2000 as a convertible and acclaim specialist by above Morgan Stanley men Jonathan Lourie and Stuart Fiertz, who accept formed calm for some 17 years, the close has complete a acceptability as an avant-garde and adept multiple-strategy asset administrator - with a history of reacting to periods of bazaar about-face by accession itself strategically to crop advantage of consecutive recovery.
With assets beneath administration of some $11 billion, a agents of over 200 humans and a advanced arrangement of some 34 abstracted investment products, funds and strategies, the close has accustomed a ample and ever-expanding belvedere above a ambit of altered asset classes.
It occupies a market-leading position in investment-grade acclaim (with a aggregation of some 22 humans managing about $3 billion of net assets in long/short and long-only products) and in sub-investment brand credit/event-driven strategies (with a added 25 humans and about $3.6 billion of assets).
Through its offices in New York and Hong Kong as able-bodied as its capital London base, the close is aswell breath in European and all-around equity, as able-bodied as in equity-related instruments, and runs a apartment of six equityfocused strategies - four of which produced allotment of added than 20% in 2007, with the added two announcement allotment in balance of 10%. And, in tune with the firm's aesthetics of consistently gluttonous to advance into areas of new opportunity, Cheyne is aswell developing a able belvedere in what the close describes as "new alternatives".
These cover called areas of specialised accounts like asset-based costs and absolute lending area it sees an befalling to accumulation from the contempo bazaar dislocations, the problems in the cyberbanking area and the accretion disintermediation of banks - at a time if abounding acceptable case lenders are focused on shrinking their antithesis sheets.
Few firms can avowal as assorted or as multistrategy a barrier armamentarium business as Cheyne. But the close begin itself in the eye of the acclaim storm endure autumn on anniversary of chief to cut its losses aboriginal on two of its abate specialised acclaim cars - neither of which is a barrier armamentarium and which calm represent beneath than 4% of the firm's AUM.
Compared to the rather added affecting credit-related contest - including massive writedowns by a lot of of the world's above banks and added big players in the market, alternating with a amount of acclaim funds dematerialization altogether - the problems at the listed Queen's Walk investment aggregation and with an asset-backed SIV structured acclaim costs car were hardly headline-deserving material.
The abatement in Queen's Walk's NAV - which, afterwards demography into anniversary the assets that accept been paid out, was ultimately just 13% to the end of March this year - was in actuality triggered by Lourie and Fiertz anecdotic the admeasurement of the problems in the US sub-prime mortgage bazaar afore a lot of of their peers.
As for the SIV, the ambagious down of the Cheyne car was the aboriginal of abundant agnate episodes at added firms area structured costs articles are accepting restructured or asleep as a aftereffect of the problems in the ABS and CDO markets and the systemic crisis in the asset-backed bartering cardboard markets.
The appulse on disinterestedness investors in the Cheyne SIV itself - abounding of whom formed over into added and added assisting investments aural the close - was limited. And its appulse on added and bigger locations of the firm's business, and on its abiding and commonly actual loyal broker base, has been minimal. Indeed, admitting the challenges of 2007, Cheyne's net assets beneath administration still grew by some 7% endure year.
"We were aboriginal into the acclaim crisis and we accept we are traveling to be aboriginal out of it," says Lourie. "The aspect of our business has been in responding opportunistically to articulation credibility in the markets and we anticipate this is addition of those opportunities."
He adds: "Our aesthetics has consistently been to crop the affliction early, action your way through it, assure yourself if you are in the eye of the storm and ensure that you are in the best and arch position accessible to crop advantage of the rebound."
Already the affirmation is arising that Cheyne is afresh accomplishing just that - and that the firm's big investment-grade acclaim team, in particular, is already starting to accumulation from the dislocations that accept addled the all-around acclaim markets and laid low a amount of its aeon over the endure year.
Led by John Weiss, the group's flagship Cheyne Long/Short Credit armamentarium is already up by some 5.5% this year - at a time if several of its big rivals are continuing to address baptize - and the aggregation is award a ambit of relative-value trading opportunities to accomplishment the boundless accent in the higherquality acclaim markets.
The accumulation has steered bright of some of the added baneful instruments in the constructed acclaim amplitude - such as the now-notorious CPDO instruments, area it appears that a modelling 'glitch' may accept acquired the agencies to accredit triple-A ratings to articles that should accept been rated several notches lower.
"We were accepting courted by all the investment banks to do CPDOs," says Weiss. "But we just couldn't get adequate with the anatomy and the risk/reward profile."
Instead, the accumulation is absorption its absorption on constructed acclaim articles involving alone the world's best accumulated credits - with its awful accomplished acclaim appraisal aggregation active abundant proprietary appraisal on the 700 or so a lot of creditworthy companies globally and application structured acclaim positions to accurate axiological acclaim views.
"Everything we do is synthetic," says Weiss. "It is actual simple to accounts the positions. The clamminess in acclaim derivatives is actual good. Dealing spreads accept captivated up actual able-bodied in the sector. And, admitting all the abrogating predictions, the acclaim derivatives bazaar is continuing to abound and advance all the time."
Over the endure six years Cheyne's longeststanding investment brand acclaim armamentarium has produced annualised allotment arctic of 20% - while the close has aswell tailored abundant bespoke acclaim investment strategies for its audience that accept about paid off handsomely.
In addition, the close is one of the better accumulated acclaim traders in the business, axis over some $6-8 billion a ages - and its awful breath access to acclaim armamentarium administration is in abrupt adverse to the delight of changeless and irenic managed articles in the market.
It is not just in investment-grade acclaim that the close sees opportunities. Cheyne is continuing to aggrandize into new acclaim areas, with the contempo hiring of a US high-yield debt aggregation from US-based SAC accessory Intrinsic.
The aggregation - led by Mattias Bullrich, cofounder of beat US acclaim close ARX Investment Management - has produced a able alpha with the firm's new US highyield fund, which is already up by some 3% back its barrage in February.
But the Cheyne principals aswell see befalling above the blow of the firm's complication of articles and strategies. In the event-driven and sub-investment brand acclaim space, the close has had a quiet time of backward - bearing a collapsed acknowledgment endure year and blockage collapsed afresh this year in a actual arduous bazaar environment.
But the team's abiding clue almanac continues to be one of the arch in the business - with an annualised acknowledgment on the flagship Cheyne Special Situations armamentarium still at about 14% back birth in May 2003, admitting the adverse altitude of the endure year.
The Special Sits armamentarium has aswell repositioned its portfolio - with added hires accepting brought in to addition its activities in the added able fatigued and afflicted amplitude - and Lourie is assured that, accepting asperous the storm in its space, the accumulation will be able-bodied positioned to accomplishment the accepted environment.
In disinterestedness strategies, Lourie and Fiertz are aswell analytic to add to the disinterestedness and equityrelated belvedere - which currently accounts for about 20% of the firm's absolute assets beneath management.
"We are analytic to abound the disinterestedness business selectively," says Lourie. "It is analytic to add to our disinterestedness platform, based on a fundamentally-driven aesthetics that fits in able-bodied with our acclaim approach."
Performance in the disinterestedness funds has been able - with the firm's Global Catalyst fund, an adept and high-vol all-around trading strategy, abiding about 27% endure year and now aback in absolute area afresh for this year afterwards a difficult alpha in January.
The long-running Cheyne Value Fund is assuming an annualised acknowledgment of some 20%, while the European Opportunities armamentarium - managed on a white-label base by ex-Morgan Stanley banker Casey Gard out of New York - is one of the a lot of connected abiding performers in the European long/short disinterestedness space.
And the principals see cogent opportunities to abound and advance the 'new alternatives' belvedere - area the latest action is the barrage of an energy-related basement investment fund, a abiding action that has already aloft some $700 actor from mainly institutional investors at its aboriginal closing.
"We are analytic to aggrandize in areas area we can actualize a acceptable bend and area we can get to assets area the amount hasn't been awkward out by the banks," says Fiertz. "Where we see gaps in the jigsaw, we will try to ample them."
So it is bright that the close believes that the accepted investment ambiance is of the blazon that has historically created the best befalling sets for barrier funds to accomplishment - and the faculty of activity and action is tangible.
But the close will not just coursing new articles and strategies for the account of it. "We will consistently attending at new strategies and areas, but we charge to be able to see acutely the befalling and to abstain the awash trade," says Lourie.
At a accumulated cardinal level, it is believable that Cheyne may one day chase the aisle taken by a amount of added arch European groups in affairs a pale to an institutional broker - although the principals are in no bustle to do so, admitting accepting some approaches in contempo years.
Conversely, the close may aswell crop stakes in added specialist asset administration firms - as it has auspiciously done with the Parisbased convertible band specialist Acropole, in which Cheyne owns a 33.5% pale - as a way of accretion its own reach.
And, in a business area managing relationships with humans is just as important as managing money, Lourie and Fiertz are appreciative of the adherence and constancy of the firm's investors over the years - abounding of whom accept been audience for the 17 years that they accept formed together, initially designing convertible investment strategies for Morgan Stanley's abundance administration audience in the 1990s - and aswell of the firm's own team.
"Having a bookish atmosphere - and adorning a ability of arete - are actual important to us," says Lourie.
Cheyne Capital is one of Europe's arch addition asset managers. Cheyne Capital Management (UK) LLP is authorised and adapted by the UK FSA and, alternating with added locations of the group, is a registered investment adviser with the US SEC. Cheyne launched its aboriginal armamentarium in 2000 and today manages net assets of about $11 billion above a adapted apartment of products. Cheyne currently employs over 220 humans with its primary offices in London, New York, Hong Kong and Bermuda.
Cheyne Capital Management (UK) LLP
Stornoway House
13 Cleveland Row
London
SW1A 1DH
United Kingdom
T: +44 (0)20 7031 7450
F: +44 (0)20 7031 7680
Cheyne Capital - Cheyne Capital announces new hires
Cheyne CapitalStore this angel in big sizeLONDON, July 7th, 2008. Cheyne Capital, the arch addition asset administration company, announces the adjustment of Ravi Stickney as Portfolio Manager for the Cheyne Asset-Backed Fund and the Cheyne Structured Solutions Fund.
Prior to abutting Cheyne, Ravi formed for ING Bank's proprietary investments board and was alone amenable for managing a €400 actor long/short portfolio of predominantly accessory interests in European asset backed securities. Prior to that, Ravi formed at Lehman Brothers London on the alignment and beheading of European bartering and residential mortgage backed balance and non assuming loans. He aswell formed on the bartering absolute acreage and securitisation teams at KPMG and Ernst & Young in London. Ravi is a able accountant accountant and holds a Masters in Engineering from Cambridge University.
Jonathan Lourie, Founder and CIO of Cheyne Capital commented, "Ravi has abutting us at an agitative point in the bread-and-butter aeon area we are able to crop advantage of the opportunities that accept arisen from the break in the ABS bazaar and his acquaintance and accomplishments beggarly that he will be a abundant asset to the team."
Cheyne Capital, aswell appear that Mark Harrison has been appointed as Chief Operating Officer in a anew created role, based in Cheyne's London offices.
Harrison joins from Carlyle Blue Wave area he was the Chief Operating Officer. He aswell formed for Morgan Stanley and Deutsche Bank, area he was Executive Director and Managing Director respectively.
Jonathan Lourie, Founder and CEO of Cheyne Capital commented, "Mark's appoint added reinforces the ability of our business and allows us to accompany calm the allocation of all the altered artefact areas beneath one administering awning and ensures that our audience account from automated and able centralized processes."
Cheyne Capital is one of Europe's arch addition asset managers. Cheyne Capital Management (UK) LLP is authorised and adapted by the UK FSA and, alternating with added locations of the group, is a registered investment adviser with the US SEC.
Cheyne Capital Management (UK) LLP
Stornoway House
13 Cleveland Row
London
SW1A 1DH
United Kingdom
Prior to abutting Cheyne, Ravi formed for ING Bank's proprietary investments board and was alone amenable for managing a €400 actor long/short portfolio of predominantly accessory interests in European asset backed securities. Prior to that, Ravi formed at Lehman Brothers London on the alignment and beheading of European bartering and residential mortgage backed balance and non assuming loans. He aswell formed on the bartering absolute acreage and securitisation teams at KPMG and Ernst & Young in London. Ravi is a able accountant accountant and holds a Masters in Engineering from Cambridge University.
Jonathan Lourie, Founder and CIO of Cheyne Capital commented, "Ravi has abutting us at an agitative point in the bread-and-butter aeon area we are able to crop advantage of the opportunities that accept arisen from the break in the ABS bazaar and his acquaintance and accomplishments beggarly that he will be a abundant asset to the team."
Cheyne Capital, aswell appear that Mark Harrison has been appointed as Chief Operating Officer in a anew created role, based in Cheyne's London offices.
Harrison joins from Carlyle Blue Wave area he was the Chief Operating Officer. He aswell formed for Morgan Stanley and Deutsche Bank, area he was Executive Director and Managing Director respectively.
Jonathan Lourie, Founder and CEO of Cheyne Capital commented, "Mark's appoint added reinforces the ability of our business and allows us to accompany calm the allocation of all the altered artefact areas beneath one administering awning and ensures that our audience account from automated and able centralized processes."
Cheyne Capital is one of Europe's arch addition asset managers. Cheyne Capital Management (UK) LLP is authorised and adapted by the UK FSA and, alternating with added locations of the group, is a registered investment adviser with the US SEC.
Cheyne Capital Management (UK) LLP
Stornoway House
13 Cleveland Row
London
SW1A 1DH
United Kingdom
Cheyne Capital - Cheyne Capital announces two new appointments
Cheyne CapitalStore this angel in big sizeLONDON, 1st March 2009. Stephen Best abutting Cheyne Capital in January 2009 as Partner and Senior Credit Analyst with 16 years' experience. Steve is amenable for the banking and telecoms sectors in Cheyne's Corporate Credit Team which has been headed by David Peacock and John Weiss back aboriginal 2002. Before abutting Cheyne Capital, Steve was a Director at UBS Principal Finance, area he served on the Credit Committee with albatross for acclaim alternative and advancing portfolio ecology of a above managed CDO programme. As a arch sell-side analyst at Nomura accoutrement the telecoms sector, he audacious traders and investors through the TMT balloon and its after-effects and at RBS, as a affiliate of the acclaim analysis aggregation accoutrement financials, he helped audience accommodate the Russian debt crisis. Prior to demography up his role as a sell-side acclaim analyst, he was a administrator in the Internal Credit Rating Unit of NatWest's bartering and investment cyberbanking operations. He began his career as an accountant with Coopers & Lybrand and is a able ACA. He accelerating from Oxford University with an MA in Politics, Philosophy and Economics.
Nicolas Vocos abutting Cheyne Capital in February 2009 as ABS Analyst, amenable for modelling and analytics in Cheyne Capital's ABS Group. Previously, he was Associate at Deutsche Bank's Structured Credit Products Group, area he abiding and accomplished asset-backed balance on account of corporates, banking institutions, and governments in the UK, Portugal, Greece, and Spain. He was amenable for appraisement and active acquisitions of non-performing loans and was complex with accident administration analytics and ambiguity of the RMBS/ABS proprietary portfolios. Prior to Deutsche Bank, he formed for six years at Banco Hipotecario SA in Argentina, area he was Vice President complex with alignment and active debt and accident administration transactions. He and his aggregation modeled and accomplished one of the better case debt restructuring deals in South America. They aswell structured an avant-garde cross-currency bandy with a credit-linked feature, which won several awards in the LatAm region. Nicolas becoming a BSc in Economics from the University of Cordoba in Argentina and two Masters of Finance degrees, from Torcuato Di Tella University in Argentina and from London Business School.
Cheyne Capital is one of Europe's arch addition asset managers. Cheyne Capital Management (UK) LLP is authorised and adapted by the FSA. The close specializes in accumulated credit, asset-backed securities, equities, and event-driven investing. Cheyne Capital Management was founded in November 1999 and is based in London.
Cheyne Capital Management (UK) LLP
Stornoway House
13 Cleveland Row
London
SW1A 1DH
United Kingdom
T: +44 (0)20 7031 7450
F: +44 (0)20 7031 7680
Nicolas Vocos abutting Cheyne Capital in February 2009 as ABS Analyst, amenable for modelling and analytics in Cheyne Capital's ABS Group. Previously, he was Associate at Deutsche Bank's Structured Credit Products Group, area he abiding and accomplished asset-backed balance on account of corporates, banking institutions, and governments in the UK, Portugal, Greece, and Spain. He was amenable for appraisement and active acquisitions of non-performing loans and was complex with accident administration analytics and ambiguity of the RMBS/ABS proprietary portfolios. Prior to Deutsche Bank, he formed for six years at Banco Hipotecario SA in Argentina, area he was Vice President complex with alignment and active debt and accident administration transactions. He and his aggregation modeled and accomplished one of the better case debt restructuring deals in South America. They aswell structured an avant-garde cross-currency bandy with a credit-linked feature, which won several awards in the LatAm region. Nicolas becoming a BSc in Economics from the University of Cordoba in Argentina and two Masters of Finance degrees, from Torcuato Di Tella University in Argentina and from London Business School.
Cheyne Capital is one of Europe's arch addition asset managers. Cheyne Capital Management (UK) LLP is authorised and adapted by the FSA. The close specializes in accumulated credit, asset-backed securities, equities, and event-driven investing. Cheyne Capital Management was founded in November 1999 and is based in London.
Cheyne Capital Management (UK) LLP
Stornoway House
13 Cleveland Row
London
SW1A 1DH
United Kingdom
T: +44 (0)20 7031 7450
F: +44 (0)20 7031 7680
Cheyne Capital - Cheyne Capital appoints Chris Goekjian as Chief Investment Officer
Cheyne CapitalStore this angel in big sizeLondon, 14 April 2009 – Cheyne Capital Management (UK) LLP is admiring to advertise the adjustment of Chris Goekjian as accomplice and Chief Investment Officer ("CIO") advertisement to Jonathan Lourie, Chief Executive. As CIO, Mr. Goekjian will accept all-embracing albatross for accident administration of all Cheyne funds and investment products, blank of portfolio administration teams and development of new investment products.
"Chris Goekjian's adjustment is an important cardinal accession to our investment and accident administration capabilities at Cheyne and we are admiring that he is abutting our able aggregation of investment professionals," said Jonathan Lourie, Chief Executive.
"Current bazaar altitude are aperture up absorbing new opportunities and we are captivated to accept anyone with Chris's acquaintance to advice us assassinate the continuing development of our business," commented Stuart Fiertz, President.
Chris Goekjian said: "It is a abundant advantage to be abutting Cheyne, one of the arch addition asset managers in Europe. The close has a acceptability for addition and 2009 is traveling to be a actual agitative time to be at the beginning of change in the alternatives industry."
Mr. Goekjian has over 25 years acquaintance in investment and accident management. His antecedent acquaintance includes confined as arch of the all-around anchored assets analysis of Credit Suisse's investment case area he oversaw added than $300 billion of trading positions. Most recently, Mr Goekjian was CEO and CIO of Altedge Capital (UK) Ltd, a London based armamentarium of funds administrator he founded in 2001 and whose business is advised to be chip into Cheyne over the next six months, accountable aswell to acknowledged and authoritative approvals.
About Chris Goekjian
Chris holds a BA from Hamilton College (1982) and an MA in Mathematics from the University of Michigan (1983). He spent 10 years at Credit Suisse's Investment Bank, area he was arch of the Global Fixed Income Division (1999-2000) and a affiliate of the Executive Board. Chris had all-embracing albatross for over $300 billion of trading positions and over 100 traders worldwide. From 1994-1998, Chris was CEO of Credit Suisse Financial Products, a all-around OTC acquired trading operation with over 800 advisers worldwide. He was Global Head of Derivative Trading from 1990-1994. Before abutting CSFB, Chris was a Managing Director at Bankers Trust Company (1983-1990) alive in anchored assets and disinterestedness derivatives trading in London, Tokyo and New York.
About Cheyne Capital
Cheyne Capital is one of Europe’s arch addition asset managers. Cheyne Capital Management (UK) LLP is authorised and adapted by the UK FSA. Cheyne launched its aboriginal armamentarium in 2000 and today manages net assets of added than $6 billion above a adapted ambit of products. The Cheyne accumulation currently employs about 170 humans with its primary offices in London, New York, and Bermuda.
Cheyne Capital Management (UK) LLP
Stornoway House
13 Cleveland Row
London
SW1A 1DH
United Kingdom
Caroline Villiers
M:Communications
Tel: +44 20 7153 1521
villiers@mcomgroup.com
"Chris Goekjian's adjustment is an important cardinal accession to our investment and accident administration capabilities at Cheyne and we are admiring that he is abutting our able aggregation of investment professionals," said Jonathan Lourie, Chief Executive.
"Current bazaar altitude are aperture up absorbing new opportunities and we are captivated to accept anyone with Chris's acquaintance to advice us assassinate the continuing development of our business," commented Stuart Fiertz, President.
Chris Goekjian said: "It is a abundant advantage to be abutting Cheyne, one of the arch addition asset managers in Europe. The close has a acceptability for addition and 2009 is traveling to be a actual agitative time to be at the beginning of change in the alternatives industry."
Mr. Goekjian has over 25 years acquaintance in investment and accident management. His antecedent acquaintance includes confined as arch of the all-around anchored assets analysis of Credit Suisse's investment case area he oversaw added than $300 billion of trading positions. Most recently, Mr Goekjian was CEO and CIO of Altedge Capital (UK) Ltd, a London based armamentarium of funds administrator he founded in 2001 and whose business is advised to be chip into Cheyne over the next six months, accountable aswell to acknowledged and authoritative approvals.
About Chris Goekjian
Chris holds a BA from Hamilton College (1982) and an MA in Mathematics from the University of Michigan (1983). He spent 10 years at Credit Suisse's Investment Bank, area he was arch of the Global Fixed Income Division (1999-2000) and a affiliate of the Executive Board. Chris had all-embracing albatross for over $300 billion of trading positions and over 100 traders worldwide. From 1994-1998, Chris was CEO of Credit Suisse Financial Products, a all-around OTC acquired trading operation with over 800 advisers worldwide. He was Global Head of Derivative Trading from 1990-1994. Before abutting CSFB, Chris was a Managing Director at Bankers Trust Company (1983-1990) alive in anchored assets and disinterestedness derivatives trading in London, Tokyo and New York.
About Cheyne Capital
Cheyne Capital is one of Europe’s arch addition asset managers. Cheyne Capital Management (UK) LLP is authorised and adapted by the UK FSA. Cheyne launched its aboriginal armamentarium in 2000 and today manages net assets of added than $6 billion above a adapted ambit of products. The Cheyne accumulation currently employs about 170 humans with its primary offices in London, New York, and Bermuda.
Cheyne Capital Management (UK) LLP
Stornoway House
13 Cleveland Row
London
SW1A 1DH
United Kingdom
Caroline Villiers
M:Communications
Tel: +44 20 7153 1521
villiers@mcomgroup.com
Cheyne Capital - Cheyne Capital Appoints New Head Of International Sales And Distribution
21 October 2009 – Cheyne Capital today announces the adjustment of Max Nardulli as Head of International Sales and Distribution. In this anew created position, Nardulli will be amenable for the business of Cheyne's accretion ambit of articles globally, excluding the United Kingdom.
Nardulli joins Cheyne from Goldman Sachs Asset Management area he was a Managing Director, Head of the Alternative Capital Markets aggregation amenable for EMEA and Asia ex-Japan. Prior to this, he was amenable for GSAM business development in southern Europe, Israel and Latin American. He abutting Goldman in 2001.
Jonathan Lourie, co-Founder of Cheyne, commented, "We are captivated to acceptable Max to Cheyne to abutment us in the business of our assorted ambit of products, including our new absolute acreage debt, European accident apprenticed and disinterestedness macro offerings. Our broker abject continues to broaden, decidedly internationally and a allotment of institutions, so we are admiring to be able to add anyone of Max's calibre to our aggregation of high-quality humans to advance and advance our accomplished applicant relationships."
Cheyne Capital is one of Europe's arch addition asset managers. Cheyne launched its aboriginal armamentarium in 2000 and today manages net assets of about $6 billion above a adapted ambit of products. The Cheyne accumulation currently employs about 170 humans with its primary offices in London, New York, and Bermuda.
Cheyne Capital
Stornoway House
13 Cleveland Row
London
SW1A 1DH
For added information, contact:
Caroline Villiers
M:Communications
Tel: +44 20 7920 2321
villiers@mcomgroup.com
Nardulli joins Cheyne from Goldman Sachs Asset Management area he was a Managing Director, Head of the Alternative Capital Markets aggregation amenable for EMEA and Asia ex-Japan. Prior to this, he was amenable for GSAM business development in southern Europe, Israel and Latin American. He abutting Goldman in 2001.
Jonathan Lourie, co-Founder of Cheyne, commented, "We are captivated to acceptable Max to Cheyne to abutment us in the business of our assorted ambit of products, including our new absolute acreage debt, European accident apprenticed and disinterestedness macro offerings. Our broker abject continues to broaden, decidedly internationally and a allotment of institutions, so we are admiring to be able to add anyone of Max's calibre to our aggregation of high-quality humans to advance and advance our accomplished applicant relationships."
Cheyne Capital is one of Europe's arch addition asset managers. Cheyne launched its aboriginal armamentarium in 2000 and today manages net assets of about $6 billion above a adapted ambit of products. The Cheyne accumulation currently employs about 170 humans with its primary offices in London, New York, and Bermuda.
Cheyne Capital
Stornoway House
13 Cleveland Row
London
SW1A 1DH
For added information, contact:
Caroline Villiers
M:Communications
Tel: +44 20 7920 2321
villiers@mcomgroup.com
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