Cheyne Capital Management

The following piece on Cheyne Capital is being published as part of our daily effort to track hedge funds in the industry. To review other hedge fund research notes please see our Hedge Fund Tracker Tool.

Resource #1: (4.15.09) Hedge fund firm Cheyne Capital Management is to buy fund of hedge funds manager Altedge Capital, the firms said on Tuesday, as the once-booming industry consolidates in the face of client outflows. Under the deal, Altedge Chief Executive and Chief Investment Officer Chris Goekjian will become partner and chief investment officer at Cheyne, which manages more than $6 billion in assets, and will report to Chief Executive Jonathan Lourie.

Altedge, whose business will be integrated into Cheyne's over the next six months, hopes to benefit from Cheyne's distribution.

"From Altedge's point of view it's an alliance with a larger platform," Altedge fund manager and co-founder Cem Habib told Reuters. source

Resource #2: Cheyne Capital was founded in 1999 by Jonathan Lourie and Stuart Fiertz representing a natural evolution for a team that developed a focused convertible bond management practice within Morgan Stanley over the prior ten years.



Today, Cheyne Capital is one of Europe's largest hedge fund management groups. The firm's main areas of expertise include corporate credit, event-driven, equity and equity-linked investing.

Cheyne Capital seeks to generate above-average, risk-adjusted absolute rates of return for clients. Central to Cheyne's investment methodology is the combination of fundamental analysis with a pro-active approach to trading. The flow of timely and actionable information is enhanced by the close integration of portfolio managers, research analysts and in-house risk management technology. The Cheyne Capital group comprises, inter alia, Cheyne Capital International Limited, a Bermuda-incorporated investment advisory firm, and Cheyne Capital Management (UK) LLP, a London-based independent fund manager, which is authorised and regulated by the FSA and, along with other entities in the Cheyne Capital group, is a registered investment adviser with the SEC. Cheyne's principal office is located on Green Park at Stornoway House, 13 Cleveland Row, St James's, London. source

Resource #3: Jonathan H. Lourie is the founder, Chief Executive Officer and Chief Investment Officer of Cheyne Capital Management (UK) LLP. Under his leadership, Cheyne Capital has grown to become one of the largest hedge funds in Europe. The firm's main areas of expertise include corporate credit, event-driven, equity and equity-linked investing. Prior to the inception of Cheyne Capital in June 2000, Mr. Lourie worked from 1985 at Morgan Stanley where he was responsible for the creation and development of the convertible bond management practice. Mr. Lourie 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. source

Resource #4: (9.11.08) Cheyne Capital, a leading alternative asset manager, won 3 major awards for its credit fund business at the Creditflux industry awards in London last night. Cheyne won the prestigious Manager of the Year award, as well as the awards for the
Best Long/Short Credit Hedge Fund and Best Synthetic Equity CDO. These awards, together with a further 5 nominations, demonstrate Cheyne's wide-ranging expertise and continued leadership across the Credit space.

The Creditflux winners are selected based on clear quantitative criteria, and nominees include the leading credit managers world-wide. The Manager of the Year award specifically recognises Cheyne's consistent performance across different credit products. source

Resource #5 (7.23.08): Cheyne Capital, the leading alternative asset management company, today 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. source

Resource #6 (7.4.08): Cheyne Capital, the leading alternative asset management company, today 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." source

Resource #7 (12.30.07): Cheyne Capital, the diversified asset management company, today announces the first closing of a new Saudi-Spanish Infrastructure Fund with commitments of $680 million. The fund will be managed together with infrastructure specialist
Arox Infrastructure.

The aim of the initiative is to promote infrastructure projects in Saudi Arabia, particularly in the six new Economic Cities, which require $100 billion of investments in transportation assets and $300 billion in energy assets by 2020. Electricity group Iberdrola, construction group Dragados, IT group Indra and engineering group Tecnicas Reunidas are among the Spanish groups taking part in the project.

Stuart Fiertz, co-founder of Cheyne Capital commented, "There are enormous opportunities for both investors and contractors. The fund will enhance bilateral co-operation, give companies in each country access to the market of the other, increase the collaboration between the private sectors, allow the two countries to capitalise on the competitive advantage of each other, and facilitate transfer of knowledge."

Article Source: http://www.articlesbase.com/ - Cheyne Capital Management

Offshore Private Banking Without Hassles

Many people, who earn a lot of money and want to avoid paying taxes on that earned money, opt for offshore private banking. The question is not, "how many want to get access to offshore banking?" The actual question is "how to get this opportunity without any hassles?"

Well, it is not impossible to get this opportunity. The requirement for such a facility is good research. To start with, you should know a bank which provides such offshore banking facility with out any hassles or any background check. Also, an offshore bank without the facility of debit card and credit card is incomplete. So, in order to make it useful it is important to get debit card and credit card facility along with the bank account. One needs to check weather actually this bank you are interested in will keep your profile and transaction's details secret or will give away the information to Unites States of America? As per the regulations in US, the citizen of United States need to disclose the offshore private banks they have with more than or equal to $10000 as balance. This disclosure needs to be made within the financial year to US Treasury. This is done by filling up of the form names Form TD F90. 22 - 1. In case a person fails to report or disclose the same and is caught by the authorities then legal action can be taken against him. This legal action involves a hefty fine of $ 500, 000 and 5 years in prison. This form can be easily taken from the website: http://www.irs.gov

So, before you actually get in to opening an offshore private bank, check few things. Is this bank in to a lot of background check? Are they asking a lot of questions related to your US bank account? Well, do not open your account in such a bank. If you really want an anonymous offshore bank account then there is a way out. You can also get a debit card with this way. Let us look at the steps involved in this:

1. Identify the country where there is less political influence and less rigid rules and regulation.

2. After identifying such a country, choose the bank where you want to do offshore private banking.

3. Create a company in this country. This company needs to be a limited company.

4. Identify a local citizen of the same country who can be trustworthy. After that, make him the sole shareholder of your company. He should be appointed as the director.

5. Now, open the bank account and make this man as the nominee of the bank account.

This way, you can ensure that extra layer of secrecy given to this account as the nominee is the citizen of the same country. In this manner, this man will also get a debit card and credit card aligned with the newly made bank account. You can now enjoy all benefits of offshore private banking.

Click here for more information on offshore private banking and anonymous banking.

About the Author

My name is Yachika Verma and I'm an online content writer. I can write anything for you that can be written. If you wish to hire me as your website writer, I can deliver you following, in brief:

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What Happens To My Credit Rating If I Do An Iva Or Dmp?

Using an individual voluntary arrangement or debt management plan could be the best way to resolve your personal debt problem but be aware of how your credit rating will be affected.

Your credit rating is the way that banks measure whether or not they should lend to you.
Each time you apply for credit, the bank will look at your credit file to see a record of your borrowing and repaying money in the past. They will then rate you according to their lending criteria and decide whether to lend to you or not.

This process is used when you apply for all types of credit from a mortgage to car finance and even taking out a mobile phone contract.

Your credit rating will get worse if you default on your current credit agreements - i.e. you do not pay back the money you owe on time or if you miss payments.

Late or missed payments are always recorded on your credit file. They give an indication to any lender that you are struggling to repay what you have already borrowed and this will probably mean that they will not want to lend you more until these problems are resolved.

Credit rating affected

If you have a debt problem and are considering using an individual voluntary arrangement (IVA) or debt management plan (DMP), it is important to understand that these solutions will affect your credit rating.

One of the key elements to both an IVA and DMP is that your original credit agreements are broken allowing you to make reduced payments each month based on what you can afford.

When you start one of these plans, even though it is agreed with your creditors, they will still record on your credit file that you have done so and that you have defaulted on your payments.

This will then show up if you apply for more credit and may prevent you from being able to borrow more money.

Not an excuse to avoid a debt problem

The fact that your credit rating will be made worse must not stop you from using an IVA or DMP to resolve a debt problem.

If you are struggling to repay what you owe, you are probably only managing to maintain the minimum monthly payments to creditors by borrowing from one to pay another.

If you continue to do this, your problem will get worse as the amount of your debt will increase. Eventually, you will be unable to borrow anymore and you will be forced to start missing payments.

At this point, your credit rating will be affected in exactly the same way as if you start a DMP or IVA. However your delay in implementing a solution will have resulted in you owing much more and possibly limit the options you now have open to you.

Borrowing again in the future

Using an IVA or DMP to help resolve a debt problem does not mean that you will never be able to borrow again.

Once your debts have been settled or paid, your credit rating will begin to repair again.

The length of time it takes for this to happen will very much depend on the type of debt management solution you use and the type of credit you want.

If you are keen to take a mortgage, this could well be possible very soon after your debts have been paid or even while you are still in an IVA or DMP.

If you want a new credit card, you may have to wait a little longer or start with a very low credit limit.

If you use an IVA or DMP it is important to understand that your credit rating will be affected. However, this should not stop you from tackling a personal debt problem. If you try to protect your credit rating by continuing to making payments funded by more borrowing, you will make your situation worse.

As such, if you are in debt, the best advice is to focus on resolving the problem first. This may take time, but once done, your credit rating will begin to repair and you will be able to borrow again.

About the Author

Steve Jackson is a debt adviser from BeatMyDebt.com in the UK. For more quality and unbiased information on Personal Debt Solutions, visit our website at www.beatmydebt.com

Real Estate Investment Opportunities In Today's Market

Real estate investment opportunities are found in all kinds of market conditions. Even in today's economy, which is still recovering from the recession, the chances of making money in real estate are just lying around. It's up to you if you pick them up and take action. For those who are willing to discover what these opportunities are, read some of the following ideas.

Wholesaling houses. There are many real estate investing opportunities today and this business is one of the best options you have. That's because it is considered ideal for beginners. The capital required to start this business is unbelievably low. That's because you don't actually need to buy houses before selling them; you only need to place them under contract. Once they are under contract, you can advertise the property to interested buyers. Then, assign the contact to that buyer and solicit an assignment fee for doing so. In many states, the assignment fee plays between $5,000 and $10,000.

Rehabbing houses. Rehabbing is also among the real estate investment opportunities you must try today. This business deals with dilapidated properties that may be bought cheap but sold high. What rehabbers do is fix these properties before selling them. It usually takes a few weeks to a few months to complete a rehab project. Although a rehab transaction lasts longer than a wholesale, the profits in this business are usually bigger.

Rental properties. If you want passive income, rentals is the way to go. Simply put, you will become a landlord who collects rent every month. This business, like other real estate investing methods, is considered effective in today's market because of the availability of properties that may be used as rentals. These are properties that are bought cheap but are cash-flowing.

The key to succeeding in these real estate investment opportunities is being able to purchase properties at very low prices – something that is rather achievable in today's market. That's because of the availability of bank owned homes, foreclosures, and other cheap properties that have yet to pick up prices after the recession.

Keep in mind though that having sufficient financial capital is not enough for you to succeed in any of these businesses. You must educate yourself on the techniques used in investing, especially those pertaining to real estate. Get your hands on all informational materials you find. You can also go online and start your education there. Go to REIWired.com and discover what else you need to start investing in real estate.

About the Author

REI Wired is the ultimate real estate investor network on the planet. The sole purpose of this site is to arm you with the cutting-edge real estate investing tactics being used by the hottest investors in the industry...so you can dominate your competition and close more deals... FAST.

Free Home Foreclosure Listings - Make Sure You Due Research Before Writing That Check Forclosure

Buying a foreclosed home can be an extremely great investment if you do it right. There are a lot of homes on the foreclosure market that are in good shape and in good neighborhoods.

There are others, however, that will fail to compete. When you are looking at a foreclosed house, there are a lot of things that can come into play. Always do your research before you write your initial check. Here are some things to look out for.

Hector Milla Editor of the "Free Home Foreclosure Listings" website -- http://www.FreeHomeForeclosureListings.net -- pointed out;

"…When you see a house that looks great on the outside, don't assume that it's in the best shape on the inside. Foreclosed homes are usually in need of major repairs because the previous owners didn't have the money to make them when they needed to. If you are interested in a home in foreclosure, do a thorough walk through of the house on all levels…"

By law, real estate agents have to tell you certain things about each home. You should be worried about how long it's been on the market first. A home that has been on the market for over a year is going to have a wealth of problems. Homes in foreclosure that sit vacant are prone to mold, mildew, and insect infestations.
If you do see a home that are interested in that seems to be in good shape call a city inspector and schedule a time for them to meet with you and the real estate agent at the property. A city inspector will be able to tell you everything you need to know about the house in about an hour or two. Inspectors can tell you if the wiring in the house is up to code, if there are any cracks in the foundation, and exactly what needs to be done to bring the home up to city code.

"…Weighing you options with a foreclosed house is a must if you want to come out on top. Buying a house a rock bottom price can seem like a great idea, but you might spend four or five times that amount to get it up to code and even livable. Schedule an appointment with arbitrary contractor or a city inspector to get the real information you're going to need when buying a home and flipping it for profit. Never judge a house based on the way it looks. It could look like it's been taken care of and be a money pit, or it could look disgusting and have nothing wrong with it…" added H. Milla.

Further information and resources to get free home foreclosure listings by visiting http://www.freehomeforeclosurelistings.net/

About the Author

Hector Milla runs his corporate website at http://www.opsregs.com/ where you can see all his articles and press releases.

Article Source: http://www.articlesbase.com/ - Free Home Foreclosure Listings - Make Sure You Due Research Before Writing That Check F

Term Insurance - Term Life Insurance As Charitable Gifts

Typically, when we take out term life insurance it is purchased while we are younger and just starting our families. After some years, a policy becomes old and outlives its original intention: perhaps your spouse no longer needs financial security or your children are now financially independent. In these cases, individuals decide to leave their term life insurance policies as gifts to their favorite charities. This is particularly beneficial to individuals who have large financial assets as they can use their contributions as tax deductions for their estates.- Term Insuracne

There are several ways in which to give a gift of life insurance to a charitable cause. First, you can purchase a new term life insurance policy altogether, leaving the charity of your choice as the beneficiary. Or, you can simply change the beneficiary of your existing term life insurance policy. Upon your death, the named charity would receive full face value of your policy.

When you list a charity as your beneficiary, you will need to have the following information:

1. The full legal name of the charitable organization.

2. The charity's permanent mailing address.

3. Your charity's federal tax identification number.

4. Your relationship to the beneficiary: to be listed as "charity"

Charities always have someone in charge of organizing and accepting gifts and donations. You can be certain that they will be happy to help you should you have any questions on the gift giving process or need help in filing any forms.

Rules for Paid or Unpaid Policies

If you choose to name a charity as the beneficiary of an already existing paid-in-full term life insurance policy, you may be able to deduct an amount equal to the fair market value of the policy, or your cost basis, whichever is less. Since your charity becomes the owner of your policy, the proceeds will not be included in your estate for tax purposes.

If you are still making annual premium payments on your policy, you may be able to deduct an amount equal to the approximate cash value of the policy or the policy's cost basis, whichever is less, in the year in which you make the gift. Again, the proceeds will not be included in your estate for tax purposes. You may also be able to deduct any future premium payments.- Term Insuracne

Group Term Life Insurance

If you participate in a group term life insurance policy through your workplace, you can donate your excess coverage to your favorite charity as well. Many employers provide generous life insurance coverage as a fringe benefit to their employees. However, most employers do not tell you that you are also required to pay income tax on the cost of coverage over $50,000.00. read more http://www.terminsurance.pannipa.com/2009/09/term-life-insurance-as-charitable-gifts/

Term Insurance - Arizona Short-Term Health Insurance

Places like Arizona provide a number of business opportunities to individuals as a result of the vibrant economy that the state has. However, not everyone is jumping at these opportunities, especially those who are currently employed. This is because for employees who may wish to resign from their jobs to start their own business, most of the apprehension that they feel comes from the fact that when they do decide to leave the company, they would be left to themselves, without the benefits that employees enjoy. One of these benefits is having health insurance, which most companies provide for their employees. However, people who may wish to start their own business need not worry about not being covered by health insurance while they are in the process of setting up their business because health insurance companies now offer short-term health insurance policies.

Short-term health insurance policies

Basically, a short-term health insurance policy is a health insurance plan that is a low-cost alternative to full-benefit plans that can be considered adequate to cover any sudden illness or serious injury while you set up a business and apply for a full benefit health insurance. In other words, these kinds of health insurance policies are just enough to tide you over until you get on your feet with regard to your business and get a full-benefit health insurance plan. Most short-term insurance plans last between six to twelve months.- Term Insuracne

Advantages and disadvantages

One of the biggest advantages of getting a short-term health insurance plan is that these plans allow you to go to any doctor you choose. Other advantages include the fact that these health plans cover a wide range of therapies and procedures, and the premiums on them can be very low. However, there are also disadvantages in getting them, one of which is that there are quite a number of medical fields that it does not cover, such as preventive care. In addition to this, maternity treatment is also excluded from the treatments that a short-term insurance policy covers.- Term Insuracne

For people who may need an insurance policy that would tide them over while they set up their business and while they apply for a full benefit health insurance policy, getting a short-term insurance policy may be one of the most viable options they can take. This is because short-term health insurance policies provide an adequate amount of coverage read more http://www.terminsurance.pannipa.com/2009/09/arizona-short-term-health-insurance/

Finding The Best Equity Home Loans In Your Personal Financial Situation

Click Here for The Best Resources and Information on the Finding Best Equity Home Loans In Your Area

You may be able to gain access to your home's cash worth by using an equity home loan in your situation. Even with the downturn inside true estate market place above 2007-2009, many homeowners happen to be able to build up some sizable equity in their property. An anticipated housing recovery in 2010 and beyond could mean even a lot more equity development for homeowners. Utilizing the home equity in your home can frequently be a excellent method to spend for big expenses including getting rid of your exceptional credit rating card debt, getting you young children via college or remodeling your kitchen. You normally get having access to your residence equity in 1 of two approaches. Refinancing your current home loan into a new residence loan is a single alternative or you may apply to get a second mortgage loan. Should you elect to refinance your current residence mortgage moreover to accessing your equity you might also have the option to reduced the fee on your active mortgage loan.

Let us assume you've a reduced fixed rate on your own home finance loan now. If this can be the case then accessing your residence equity using the use of the 2nd home finance loan may be proper in your case. But how do you ascertain no matter whether a house equity mortgage is correct to your financial predicament? Initial, you will have to find out how very much equity you do have in your house. To allow yourself to occur up with a natural estimate on what your existing equity position is you need to attempt to decide your properties existing household benefit. Do some study concerning what the most current house sale costs have been for houses in your area. This will allow you to occur up having a natural house cost. You may would like to then subtract your outstanding home loan balance from the household value estimate plus the variation will symbolize just about how very much equity you could have offered in your house.

After you might have been capable to determine how very much equity you could have in your home, it can be time to start out looking for that greatest rates on house equity loans inside your location. You'll be able to begin this course of action by requesting a mortgage loan quote from your nearby banker or recent broker. On the other hand, if you are proceeding to find a way to generate an advised selection you need to comparison shop your fee with individuals of diverse creditors.

You can find several sites online nowadays that will offer you fast having access to nationwide loan companies for price quotations on home equity loans. Even following the mortgage loan mess from the previous few years, you can find nonetheless a lot of lenders eager to earn your enterprise. Basically decide on a reputable home loan web site and fill out a easy type and also you ought to be able to get numerous quotations from a few distinct loan providers. Using just a few added minutes may well appear time intensive and unnecessary but isn't it time nicely spend if you are ready to conserve thousands over the life with the mortgage?

About the Author

Click Here for The Best Resources and Information on the Finding Best Equity Home Loans In Your Area

Pros And Cons Of Debt Consolidation

Debt consolidation is the process of taking smaller loans and adding them together to make one large payment for them all.

One payment is made over a longer period of time. This not only reduced monthly payments, but also allows you to have additional cash since less will be needed to pay out.

Hector Milla Editor of the "Best Debt Consolidation Companies" website -- http://www.bestdebtconsolidationcompanies.net/ -- pointed out;

"…Consolidation does not get rid of any debt but will make finances much more manageable. This type of debt management is not right for everyone or all situations. There are both advantages and disadvantages…"

Some are listed below:

Pros:
1. One payment. All debt will be paid with just one single payment.
2. Breaks on taxes. Interest that is paid toward a mortgage can be used as a write-off on your taxes.
3. Lower monthly payments. The amount to pay each month will be lower due to lower interest rates and paying just one payment each month.
4. Interest rates are reduced. Your loans that are secured will typically have lower interest rates. Those that are not secured will have higher rates.
5. One creditor. Only one creditor will be used with consolidation.

Cons:
1. Much easier to go further into debt. With less money going out each month to pay bills, it is easy to use that extra on bad spending habits.
2. Chance of losing everything. Consolidation loans are secured, meaning that if you do not pay the loan, you will lose what secured the loan.
3. Spending more over the length of the consolidation. With a longer time period, you may spend more than with paying each debt off separately.

"…And finally, you have longer time to pay off the debt. All types of debt will take the same amount of time to pay off, whether it is a loan or a mortgage…" H. Milla added.

Further information about trusted and reputable companies for debt consolidation by visiting; http://www.BestDebtConsolidationCompanies.net

About the Author

Hector Milla runs his corporate website at http://www.OpsRegs.com where you can see all his articles and press releases.

Debt Consolidation Tips When Applying For A Loan

A debt consolidation loan combines all debt accounts into one low interest, long term loan that can be paid off over 30 years.

This is great for those who are not able to manage their debt because of lack of money and time. Debt consolidation helps you to save money and get a handle on your debt by simplifying the payment process and prevent any more spending.

Hector Milla Editor of the "Best Debt Consolidation Companies" website -- http://www.BestDebtConsolidationCompanies.net -- pointed out;

"…Many people today are looking into debt consolidation as a method to make ends meet each month. There are many things to consider and do before you complete the loan process. There are a few debt consolidation tips to get you started on the right track…"

1. Make sure that the company you choose for your loan has a good reputation and can be trusted. Find out if they are an authorized company with a license.
2. Try to get a secured debt consolidation loan. Interest rates will be lower and you will have longer to pay the loan off.
3. Make sure you are aware of all costs, fees and penalties before agreeing or signing anything.
4. Do not be embarrassed or ashamed to apply. Your financially stability and management is what is most important.
5. Go over your finances and make sure you can pay the loan as well as have enough to live each month. Not having enough money or being able to pay the loan will just put more stress in your life.
6. Compare different loan companies. All will have their different rules, regulations and policies as well as fees and cost. Make sure you do research to find the best company to suit your needs.

"…And a very important tip: do not agree to a debt consolidation loan over the phone. Not everyone is honest and will try to take advantage of you…" H. Milla added.

Further information about trusted and reputable companies for debt consolidation by visiting; http://www.BestDebtConsolidationCompanies.net

Hector Milla runs his corporate website at http://www.OpsRegs.com where you can see all his articles and press releases.