Hedge Fund - Cheyne Capital

Jonathan H. Lourie And Stuart C. Fiertz Bio, Returns, AUM, Net Worth

Cheyne Capital, headquartered in London, was founded in 2000 by Jonathan Lourie (CEO & CIO) and Stuart Fiertz (President), who previously collaborated at Morgan Stanley. Renowned for its innovative strategies, Cheyne has a proven track record of anticipating and capitalizing on market disruptions, delivering significant returns to investors. The firm's investment approach spans the entire capital structure, from senior debt to equity, across corporate and real estate sectors. Guided by thorough fundamental analysis, Cheyne specializes in real estate debt, impact real estate, investment-grade corporate credit, strategic value credit, and equity/equity-linked investments.

Jonathan H. Lourie, educated at the International School of Geneva from 1967 to 1979 and at Dartmouth College from 1979 to 1983, graduating Phi Beta Kappa and Summa Cum Laude, worked at Morgan Stanley from 1985 to June 2000. At Morgan Stanley, he was responsible for creating and developing the convertible bond management practice. He then founded Cheyne Capital Management (UK) LLP in June 2000, where he currently serves as the Chief Executive Officer. Under his leadership, Cheyne Capital has become one of Europe's largest hedge funds, specializing in real estate debt, corporate credit, event-driven, convertible bonds, and equity investing.

Stuart C. Fiertz, Co-Founder, President, and Head of Responsible Investment at Cheyne Capital, boasts over 30 years of experience in investment research and management. Before establishing Cheyne in June 2000, he handled credit research and customized portfolio solutions in Morgan Stanley’s convertible bond practice, following stints in credit and equity research at Lehman Brothers and Merrill Lynch. Fiertz is deeply committed to responsible investing and played a central role in Cheyne's venture into social impact in 2014. He actively participates in industry dialogue, frequently speaking at events and summits. He holds the titles of CFA® charter holder and CAIA designee. Fiertz serves as chairman of the Alternative Credit Council (ACC) and as a Founder & Trustee of the Standards Board for Alternative Investments (SBAI). He was also a council director on the Alternative Investment Management Association (AIMA) board from 2014 to 2020. Fiertz pursued his education at the International School of Geneva and Dartmouth College, earning a BA degree in Political Science and Economics.

Cheyne Capital Management serves 36 clients and manages discretionary assets totaling $36,167,298,246, as reported in their Form ADV dated April 2024. Their most recent 13F filing for Q4 2023 showcased managed 13F securities amounting to $27,851,487, with a notable concentration of 93.17% among their top 10 holdings. Among these holdings, the largest position is held in Eli Lilly & Co., with 20,154 shares.

Jonathan H. Lourie And Stuart C. Fiertz
Fund Profile
Filing Period:
Fund Name: Cheyne Capital
Manager Jonathan H. Lourie And Stuart C. Fiertz
Portfolio Value $27,851,487
Change This QTR +0.80%
Fund Holdings Sector Distribution
Filing Period:
Last update:
No. Security Ticker Shares Value Activity % Port History
1. LLY 20,154 $11,748,170 +7% 42.18%
2. GOLD 200,000 $3,618,000 12.99%
3. SU 70,476 $2,258,051 +53% 8.1%
4. CVE 97,615 $1,625,290 +85% 5.83%
5. OXY 26,750 $1,597,243 -50% 5.73%
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