Cheyne Capital Management

Cheyne Capital Management (UK) LLP.

Industry	Finance
Founded	1999
Headquarters	London, UK
Key people	Jonathan Lourie (CEO) Stuart Fiertz (President)
Number of employees	150
Website	www.cheynecapital.com

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.

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.^[1][2] Those guidelines evolved into what is now the Hedge Fund Standards Board, a self-regulatory body of which Cheyne is a member.^[3] It is also a member of the Alternative Investment Management Association (AIMA).^[4] In 2003, the company signed a three-year contract with Mark-it Partners for the daily supply of credit derivatives swap data.^[5]

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.^[6] 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 an long established Dublin Department Store named Clerys.^[7][8]

References

1. McVea, Harry (2009 (Originally published online on November 28, 2008)). "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. Check date values in: |date= (help)
2. "HFSB (HFWG) Founders" (PDF). Hedge Fund Standards Board. Retrieved 4 February 2010.
3. "HFSB Signatories". HFSB. Retrieved 4 February 2010.
4. "AIMA Member Companies (PDF)". Alternative Investment Management Association. Retrieved 4 February 2010.
5. "Cheyne Capital Management signs up to Mark-it Partners credit pricing service". Finextra. Retrieved 26 February 2013.
6. "Cheyne Capital Management LLP: Private Company Information". BusinessWeek.
7. "Clerys inspectors raid on D2 offices 'legitimate', court told". The Irish Times. The Irish Times. Retrieved 5 September 2016.
8. "The raiding of D2: seeking the truth on Clerys closure". The Irish Times. The Irish Times. Retrieved 5 September 2016.