Cheyne Buys Fund Of Funds, Makes Founder CIO

Apr 15 2009 | 11:06am ET

London hedge fund Cheyne Capital has acquired fund of hedge funds shop Altedge Capital and made its founder chief investment officer.

Chris Goekjian was named a partner at Cheyne. He served as CEO and CIO of Altedge after a stint as CEO of Credit Suisse First Boston’s derivates group, a role in which he was fined by the U.K. Financial Services Authority for failing to detect and prevent alleged attempts by Credit Suisse to mislead Japanese authorities.

The deal for Altedge still requires regulatory approval. Given that, Cheyne expects to integrate the new acquisition into its business over the next six months.

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