Asset manager appoints new CIO

European alternative asset manager Cheyne Capital Management has announced the appointment of Chris Goekjian as partner and chief investment officer, according to a press release.

Goekjian will report to chief executive Jonathan Lourie and will have overall responsibility for risk management of all Cheyne funds and investment products, oversight of portfolio management teams and development of new investment products.

He has over 25 years experience in investment and risk management, having previously served as head of the global fixed income division of Credit Suisse's investment bank where he oversaw more than $300 billion of trading positions. Most recently, he was chief executive officer and chief investment officer of Altedge Capital, a London based fund of funds manager.

Goekjian founded Altedge in 2001 and the business is intended to be integrated into Cheyne over the next six months, subject to legal and regulatory approvals.

Cheyne launched its first fund in 2000 and today manages net assets of more than $6 billion across a wide range of products. It currently employs approximately 170 people with its primary offices in London, New York, and Bermuda.