LONDON, UK, January 10, 2009
/24-7PressRelease/ -- Cheyne Capital, the leading alternative asset management company, announces the appointment of Ravi Stickney as Portfolio Manager for the Cheyne Asset-Backed Fund and the Cheyne Structured Solutions Fund.
Prior to joining Cheyne, Ravi worked for ING Bank's proprietary investments desk and was solely responsible for managing a 400 million long/short portfolio of predominantly subordinate interests in European asset backed securities. Prior to that, Ravi worked at Lehman Brothers London on the structuring and execution of European commercial and residential mortgage backed securities and non performing loans. He also worked on the commercial real estate and securitisation teams at KPMG and Ernst & Young in London. Ravi is a qualified chartered accountant and holds a Masters in Engineering from Cambridge University.
Jonathan Lourie, Founder and CIO of Cheyne Capital commented, "Ravi has joined us at an exciting point in the economic cycle where we are able to take advantage of the opportunities that have arisen from the dislocation in the ABS market and his experience and background mean that he will be a great asset to the team."
Cheyne Capital, also announced that Mark Harrison has been appointed as Chief Operating Officer in a newly created role, based in Cheyne's London offices.
Harrison joins from Carlyle Blue Wave where he was the Chief Operating Officer. He also worked for Morgan Stanley and Deutsche Bank, where he was Executive Director and Managing Director respectively.
Jonathan Lourie, Founder and CEO of Cheyne Capital commented, "Mark's hire further reinforces the maturity of our business and allows us to bring together the coordination of all the different product areas under one administration umbrella and ensures that our clients benefit from streamlined and efficient internal processes."
About Cheyne capital
Cheyne Capital is one of Europe's leading alternative asset managers. Cheyne Capital Management (UK) LLP is authorised and regulated by the UK FSA and, along with other parts of the group, is a registered investment adviser with the US SEC.
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