Event-Driven Heads Out At Cheyne

Jun 19 2014 | 9:03am ET

Cheyne Capital is losing its top event-driven managers.

Simon Davies, Cheyne’s event-driven chief, will retire from the firm in September. His former co-manager, Michel Massoud, beat him out the door, resigning at the end of May, Financial News reports.

Davies has been succeeded by Pierre-Marie di Maria Laval, the former Meditor Capital Management trader who joined Cheyne in March.

Davies has been with Cheyne since 2003, rising to partner four years later. Massoud joined the firm in 2005.

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