Best CDO manager: Cheyne Capital Management

The alternative investment manager has rewritten the rule book in structured credit this year thanks to its breathtaking pace of innovation.

The world’s best borrowers in 2006

David Peacock and John Weiss, Cheyne Capital Management
Weiss (l) and Peacock (r): principal protected investments have driven institutional money

Established by Jonathan Lourie and Stuart Fiertz in 1999, Cheyne Capital Management has rapidly established an enviable reputation as one of the most innovative and successful alternative investment managers in the business. It has been in the CDO market since 2002 and now has nine deals under its belt; it has also written CDS trades worth more than $120 billion notional since 2003.

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