Cheyne hires former Brevan Howard partner

Frederic Denjoy

Frederic Denjoy

Frederic Denjoy joined London-based Cheyne on September 1 as a partner and portfolio manager. He works in the equities group, according to a person familiar with the hire.

Equities is a core strategy for the $ 7 billion alternatives asset manager, which also manages corporate credit, real estate debt, social property impact, event-driven and convertible bond strategies.

Denjoy traded equities at Brevan Howard, where he worked for nearly six years and was named a partner in August 2007. He left in late 2010, setting up his own European long/short equities hedge fund the following year, with seed backing from powerful fund investor Blackstone.

Denjoy, who has cited his former boss Alan Howard as his biggest influence, was named an FN Rising Star in Hedge Funds in the first annual list in 2011, and again in 2014. He is married to Maxime Carmignac, managing director of the London office of Carmignac Gestion, the €51 billion French asset manager founded by her father Edouard Carmignac.

However, Denjoy closed his firm, Denjoy Capital Partners, in 2015 and its regulatory authorisation ceased at the start of October.

At Cheyne, Denjoy is the newest addition to the equities group, following those of Josh Jacobson as chief operating officer of the equities division in September 2015 and Dean Samuels in July that year.

There had also been several departures from the team that year, including the July exit of Cheyne’s head of equities John Hyman, and Calum Graham in September.

Cheyne Capital was founded in 2000 by Jonathan Lourie, now chief executive, and Stuart Fiertz, now president and director of research, who had worked together for nine years at Morgan Stanley.

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