Cheyne Capital Management

Cheyne Capital is a London-based alternative asset manager. The firm launched its first fund in 2000 and today specializes in real estate debt, social property impact, corporate credit, convertible bonds, event driven investing and equities.

Cheyne Capital Management (UK) LLP.
IndustryFinance
Founded1999
HeadquartersLondon, UK
Key people
Jonathan Lourie (CEO)
Stuart Fiertz (President)
AUMUS$ 11 billion
(as of 31 March 2024)[1]
Number of employees
160
Websitewww.cheynecapital.com

Cheyne Capital's SIV, "Cheyne Finance PLC" was forced into liquidation because of losses. Deloitte & Touche were appointed as receivers.[2][3][4]

The Cheyne group currently employs approximately 170 people in its 12 offices world-wide.[5]

The firm's co-founder, Stuart Fiertz, was a member of the 14-person Hedge Fund Working Group, which devised best practice policies regarding financial valuation, transparency, and risk management.[6][7] Those guidelines evolved into what is now the Standards Board for Alternative Investments, a self-regulatory body of which Cheyne is a member.[8] It is also a member of the Alternative Investment Management Association (AIMA),[9] the global representative of the alternative investment industry. In April 2014, Stuart Fiertz was appointed as a Director of the AIMA Global Council and is Chair of AIMA’s Alternative Credit Council, a committee of alternative asset management firms which are financing the real economy.[10]

History

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Cheyne Capital was founded in 1999 by Jonathan Lourie and Stuart Fiertz who are currently the CEO and President of Cheyne Capital Management (UK) LLP respectively.[11] At its launch it was authorised and regulated by the U.K. Financial Services Authority (FSA).

References

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  1. ^ "Abu Dhabi wealth fund makes another commitment to Cheyne's real estate credit program". Pensions & Investments. 31 March 2024. Retrieved 10 June 2024.
  2. ^ https://www.ilauk.com/docs/bull125.pdf [bare URL PDF]
  3. ^ "Losses may force Cheyne to liquidate". Australian Financial Review. 2007-08-31. Retrieved 2023-10-27.
  4. ^ "RBS to arrange Cheyne Finance refinancing". Reuters. 2007-10-22. Retrieved 2023-10-27.
  5. ^ "Cheyne Capital | Who We Are". www.cheynecapital.com. Retrieved 10 January 2024.
  6. ^ McVea, Harry (2009). "Hedge fund regulation, market discipline and the Hedge Fund Working Group". Capital Markets Law Journal. 4 (1). Oxford University Press: 63–84. doi:10.1093/cmlj/kmn033.
  7. ^ "HFSB (HFWG) Founders" (PDF). Hedge Fund Standards Board. Archived from the original (PDF) on 27 December 2008. Retrieved 4 February 2010.
  8. ^ "HFSB Signatories". HFSB. Retrieved 4 February 2010.
  9. ^ "AIMA Member Companies (PDF)". Alternative Investment Management Association. Archived from the original on 2010-06-13. Retrieved 4 February 2010.
  10. ^ "AIMA - Hedge funds step up financing of the economy – new AIMA paper - Press Releases & Statements". Archived from the original on 2015-09-17. Retrieved 2017-07-15.
  11. ^ "Cheyne Capital Management LLP: Private Company Information". BusinessWeek. Archived from the original on November 5, 2007.