Under the agreement, Chief Executive and Chief Altedge Investment Officer Chris Goekjian will become partner and chief investment officer at Cheyne, which manages more than $ 6 million (4 million) in assets, and report to the Chief Executive Jonathan Lourie .
Altedge, whose business will be integrated into Cheyne 's in the next six months, hopes to benefit from Cheyne' s distribution.
"From 's point of view" Altedge s an alliance with a larger platform, "Altedge fund manager and co-founder Cem Habib told Reuters.
"Now we have access to resources Cheyne 's as a strong distribution platform and customer base. When the opportunities start to emerge, we will be able to participate fully."
The deal comes in the industry of $ 1.4 trillion hedge fund faces its greatest challenge in history as a record poor performance last year and client outflows, although many funds have placed limits or barriers to withdrawals.
"Our asset base has declined, as the rest of the market, but our products are still very strong - a number of our funds had no liquidity problems or gates," said Habib.
Cheyne Capital manages hedge funds in areas such as corporate credit, event, backed by assets and equity.
沒有留言:
張貼留言