Cheyne Capital Wins Three Major Credit Awards

London, United Kingdom, December 17, 2008 --(PR.com)-- Cheyne won the prestigious Manager of the Year award, as well as the awards for the Best Long/Short Credit Hedge Fund and Best Synthetic Equity CDO. These awards, together with a further five nominations, demonstrate Cheyne's wide-ranging expertise and continued leadership across the Credit space.

The Creditflux winners are selected based on clear quantitative criteria, and nominees include the leading credit managers world-wide. The Manager of the Year award specifically recognises Cheyne's consistent performance across different credit products.

Cheyne's Corporate Credit team of 18 investment professionals oversees about $3 billion of equity in long only and long/short creditrelated strategies.

John Weiss, co-head of Corporate Credit at Cheyne said, "We are delighted to have won these major awards which recognise the strength of our risk management and the good performance we continue to deliver to our clients despite the current market turmoil."

Jonathan Lourie, founder of Cheyne added, "These awards underline the fact that the credit market is still alive and kicking and superior returns remain available. Our corporate credit team is generating strong performance for our investors and seeing inflows of assets. Despite difficult market conditions, our Long/Short credit strategies are up between 9% and 13% for 2008. Credit is one of Cheyne's core businesses and we are delighted for the team and our clients to receive this well-deserved recognition."

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