Banks Bidding For Cheyne Bailout

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.

RELATED ARTICLE:


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of