Cheyne Capital Management, a convertible bond and collateralized debt obligation fund manager with USD8 billion under management, has hired George Spentos, credit derivatives trader at Nomura International in London, as a portfolio manager in London. Spentos will report to John Weiss and David Peacock, portfolio managers at Cheyne in London. Weiss and Peacock joined Cheyne in March last year from Goldman Sachs with plans to launch a series of managed CDOs (DW, 3/25). Peacock confirmed the hire and said the firm is actively recruiting portfolio managers but declined further comment. Spentos has not yet started at Cheyne and could not be reached.
At Nomura, Spentos reported to James Godfrey, who runs the credit investment group in London, said Clare Williams, spokeswoman in London. She said Nomura is looking at its options for replacing Spentos. Godfrey referred calls to Williams.
