Ex-Cheyne Manager Khadjenouri Founds Hedge Fund

Sep 9 2010 | 1:54am ET

A former star manager at Cheyne Capital Management and a co-founder of Centaurus Capital has founded her own hedge fund with another former Cheyne executive.

Massi Khadjenouri has teamed up with Jan Lernout to set up Kite Lake Capital Management. The new firm is readying a special situations hedge fund, Financial News reports.

Khadjenouri launched a special situations fund at Cheyne in 2003, enjoying an 18.8% annualized return through late 2007. She left Cheyne at the end of 2008.

Lernout was a partner at Cheyne’s collateralized loan obligations business before leaving the firm last May. In December, he settled a lawsuit he filed against Cheyne alleging that the hedge fund withheld his share of the group’s profits.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Versum Materials (VSM), with a market capitalization of $2.7 billion, enables chipmakers to achieve higher performance at lower cost with enhanced reliability. Versum is a leading global provider of electronic materials for the integrated circuit and flat-panel display markets.