Cheyne Capital

About Cheyne Capital

Cheyne is proud to have been a pioneer in many fields Cheyne is known for its innovation and ability to identify and capitalise on opportunities which give clients access to uncrowded investments

Cheyne’s strategies are run by portfolio managers whom Cheyne believes to be amongst the best in their fields, supported by teams of seasoned investment professionals and a market leading operational infrastructure

Research-driven, fundamental investing is at the heart of everything Cheyne does Dedicated investment teams are fully focused on their respective investment strategies

Our investors are our most valued partners We welcome an open dialogue and provide a high level of transparency to build trust with our investors

Cheyne invests across the capital structure, from credit to equity, in both corporate and real estate assets.

Investing across the capital structure in debt and equity, Cheyne is a leading player in European real estate We provide holistic finance solutions that meet the objectives of our borrowers and investors Our Impact Real Estate division seeks to help address the UK’s affordable housing needs

Specialising in investment grade and crossover corporate credit, the team combines rigorous fundamental credit research with active portfolio management and trading expertise to deliver a variety of long-biased credit strategies

Capturing value in stressed and distressed European credit, focusing primarily on the structural sell-down of non-core loans as well as dislocation driven opportunities, with an overarching focus on the senior secured part of the capital structure

Cheyne’s equity strategies seek to capitalise on pricing anomalies and idiosyncratic opportunities with a core emphasis on fundamental research Our investment products comprise long/short equity, convertible bond and event driven strategies

Cheyne Capital was founded in 2000 by Jonathan Lourie and Stuart Fiertz Since then, the Cheyne team has grown and now encompasses over 160 highly dedicated, experienced professionals from a broad range of backgrounds and experiences

Jonathan Lourie is the Founder, Chief Executive Officer and Chief Investment Officer of Cheyne Capital Under his leadership, Cheyne Capital has grown to become one of the leading alternative investment managers in Europe The firm’s main areas of expertise include real estate debt, social property impact, investment grade corporate credit, stressed/distressed credit, and equity-linked investing Prior to the inception of Cheyne Capital in June 2000, Jonathan worked from 1985 at Morgan Stanley where he was responsible for the creation and development of the convertible bond management practice Jonathan was educated from 1967 to 1979 at the International School of Geneva and from 1979 to 1983 at Dartmouth College in Hanover, New Hampshire, from which he graduated Phi Beta Kappa and Summa Cum Laude in 1983

Stuart Fiertz is the Co-Founder, President and Director of Research of Cheyne Capital From 1991 to June 2000, and prior to establishing Cheyne Capital, Stuart worked for Morgan Stanley where he was responsible for the development and implementation of customised portfolio strategies and for credit research in the convertible bond management practice Prior to joining Morgan Stanley, Stuart was an equity research analyst for the Value Line Investment Survey, and a high yield credit analyst in Boston at Merrill Lynch and in New York at Lehman Brothers Stuart is a CFA® charterholder and a CAIA designee He is chairman of the Alternative Credit Council (ACC) and a Founder & Trustee of the Standards Board for Alternative Investments (SBAI) From 2014 until 2020, Stuart was also a council director of the Alternative Investment Management Association (AIMA) board Stuart was educated at the International School of Geneva and at Dartmouth College where he was awarded a BA degree in Political Science and Economics