Cheyne Capital Appoints New Head Of International Sales And Distribution

Cheyne Capital announces the appointment of Max Nardulli, responsible for the marketing of Cheyne's expanding range of products as Head of International Sales and Distribution

FOR IMMEDIATE RELEASE / PRURGENT

21 October 2009 – Cheyne Capital today announces the appointment of Max Nardulli as Head of International Sales and Distribution. In this newly created position, Nardulli will be responsible for the marketing of Cheyne's expanding range of products globally, excluding the United Kingdom.

Nardulli joins Cheyne from Goldman Sachs Asset Management where he was a Managing Director, Head of the Alternative Capital Markets team responsible for EMEA and Asia ex-Japan. Prior to this, he was responsible for GSAM business development in southern Europe, Israel and Latin American. He joined Goldman in 2001.

Jonathan Lourie, co-Founder of Cheyne, commented, "We are delighted to welcome Max to Cheyne to support us in the marketing of our diverse range of products, including our new real estate debt, European event driven and equity macro offerings. Our investor base continues to broaden, particularly internationally and among institutions, so we are pleased to be able to add someone of Max's calibre to our team of high-quality people to develop and maintain our excellent client relationships."

Cheyne Capital is one of Europe's leading alternative asset managers. Cheyne launched its first fund in 2000 and today manages net assets of approximately $6 billion across a diversified range of products. The Cheyne group currently employs approximately 170 people with its primary offices in London, New York, and Bermuda.