Wednesday, 27 May 2015
Last updated 1 hour ago
Oct 22 2007 | 7:27am ET
Goldman Sachs and the Royal Bank of Scotland are reportedly bidding to keep Cheyne Finance, the structured investment vehicle founder by London hedge fund Cheyne Capital, afloat.
Deloitte & Touche, appointed receiver of the SIV by Cheyne Capital, is in talks with three banks in an effort to let Cheyne Finance to live to trade another day.
A decision on a bidder could be reached within days, according to The Telegraph. Under certain plans, the SIV could be back in business. The future of Cheyne Finance’s managers remains uncertain.
May 27 2015 | 2:15pm ET
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