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$ 7.2 billion
(as of June 30, 2019)[1]
Number of employees
150
Websitewww.cheynecapital.com

The Cheyne group currently employs approximately 150 people with its offices in London, Switzerland, Bermuda and New York City.

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.[2][3] Those guidelines evolved into what is now the Hedge Fund Standards Board, a self-regulatory body of which Cheyne is a member.[4] It is also a member of the Alternative Investment Management Association (AIMA).,[5] the global representative of the alternative investment industry. In 2003, the company signed a three-year contract with Mark-it Partners for the daily supply of credit derivatives swap data.[6] 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.[7]

History

It was founded in 1999 by Jonathan Lourie and Stuart Fiertz who are currently the CEO and President of Cheyne Capital Management (UK) LLP respectively.[8] At its launch it was authorised and regulated by the U.K. Financial Services Authority (FSA).

Dublin controversy

In May 2015 Cheyne Capital were embroiled in a scandal involving an associate named D2 Capital in Dublin.

Inspectors working for the Irish Government removed some material from D2 Capital office while inspecting the general circumstances behind the assembly of a large site on a prominent Dublin Street by D2 Capital acting as a local agent for a proposed property development led and financed mainly by Cheyne Capital and in the assembly of which development site some 460 people lost their jobs in a long established Dublin Department Store named Clerys.[9][10]

References
  1. "The largest managers of hedge funds (P&I Sep 2019)" (Special Report Hedge Funds). United States: Pensions & Investments. Crain Communications Inc. 16 September 2019. Retrieved 15 October 2019.
  2. McVea, Harry (2009). "Hedge fund regulation, market discipline and the Hedge Fund Working Group". Capital Markets Law Journal. Oxford University Press. 4 (1): 63–84. doi:10.1093/cmlj/kmn033.
  3. "HFSB (HFWG) Founders" (PDF). Hedge Fund Standards Board. Archived from the original (PDF) on 27 December 2008. Retrieved 4 February 2010.
  4. "HFSB Signatories". HFSB. Retrieved 4 February 2010.
  5. "AIMA Member Companies (PDF)". Alternative Investment Management Association. Archived from the original on 2010-06-13. Retrieved 4 February 2010.
  6. "Cheyne Capital Management signs up to Mark-it Partners credit pricing service". Finextra. Retrieved 26 February 2013.
  7. "Archived copy". Archived from the original on 2015-09-17. Retrieved 2017-07-15.CS1 maint: archived copy as title (link)
  8. "Cheyne Capital Management LLP: Private Company Information". BusinessWeek.
  9. "Clerys inspectors raid on D2 offices 'legitimate', court told". The Irish Times. The Irish Times. Retrieved 5 September 2016.
  10. "The raiding of D2: seeking the truth on Clerys closure". The Irish Times. The Irish Times. Retrieved 5 September 2016.
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