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Cheyne Capital brings on CIO for new strategic value credit strategy

Close-up of two men shaking hands while sitting at the wooden desk

Anthony Robertson joined credit specialist Cheyne Capital Management on Tuesday to launch the firm's strategic value credit strategy.

Mr. Robertson will serve as chief investment officer for the new business and will build a team of 10, confirmed Erica Warfield, a spokeswoman.

Initially, the team will focus on "heightened illiquidity in European subinvestment-grade credit seeking to identify a concentrated portfolio of misvalued securities, as well as selective distressed situations," a Cheyne news release said.

Mr. Robertson was head of leverage finance at BlueBay Asset Management; he left in October. Information about his replacement there could not be learned by press time.

"We felt the timing was right to enter this segment of the credit markets and deliberately sourced a team with significant experience in distressed investing in line with our approach of identifying opportunities presented by market dislocations," said Jonathan Lourie, Cheyne's co-founder and CEO, in the release.

Cheyne manages $17 billion in credit strategies for an institutional clientele.