|Jonathan Lourie and Stuart Fiertz’s hedge fund management firm, Cheyne Capital, has raised $100 million for its latest fund launch, the Cheyne European Event Driven hedge fund. According to a report from Reuters, the new fund was “soft” launched in October of 2009. Since its inception, the Cheyne European Event Driven fund has returned approximately 21%, while focusing its investments in European equity and credit opportunities.|
The Cheyne European Event Driven fund is managed by Cheyne’s head of Event Driven investing Simon Davies and portfolio manager Michel Massoud.
Lourie and Fiertz, who serve as CEO and President, respectively, founded Cheyne Capital in 1999. The firm specializes in convertible bonds, credit and asset-backed securities, equities and event-driven investing. The firm is headquartered in London with additional offices in New York, Chicago and Bermuda.