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Cheyne Capital Management (UK) LLP
                                                                                                                Stornoway House 13 Cleveland Row
                                                                                                                                London SW1A 1DH
                                                                                                                          Tel: +44 (0)20 7031 7450
                                                                                                                         Fax: +44 (0)20 7031 7650
                                                Cheyne Capital Management (UK) LLP is a limited liability partnership registered in England (Registered no. OC321484)
                                                                                        Registered Office: Stornoway House, 13 Cleveland Row London SW1A 1DH
                                                                                                               Authorised and Regulated by The Financial Services Authority




PRESS RELEASE
Cheyne Capital appoints Chris Goekjian as Chief Investment Officer

London, 14 April 2009 – Cheyne Capital Management (UK) LLP is pleased to announce the
appointment of Chris Goekjian as partner and Chief Investment Officer ("CIO") reporting to Jonathan
Lourie, Chief Executive. As CIO, Mr. Goekjian 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.

"Chris Goekjian's appointment is an important strategic addition to our investment and risk
management capabilities at Cheyne and we are pleased that he is joining our strong team of
investment professionals," said Jonathan Lourie, Chief Executive.

"Current market conditions are opening up interesting new opportunities and we are delighted to have
someone with Chris's experience to help us execute the continuing development of our business,"
commented Stuart Fiertz, President.

Chris Goekjian said: "It is a great privilege to be joining Cheyne, one of the leading alternative asset
managers in Europe. The firm has a reputation for innovation and 2009 is going to be a very exciting
time to be at the forefront of change in the alternatives industry."

Mr. Goekjian has over 25 years experience in investment and risk management. His previous
experience includes serving 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, Mr Goekjian was
CEO and CIO of Altedge Capital (UK) Ltd, a London based fund of funds manager he founded in
2001 and whose business is intended to be integrated into Cheyne over the next six months, subject
also to legal and regulatory approvals.



About Cheyne Capital

Cheyne Capital is one of Europe’s leading alternative asset managers. Cheyne Capital Management
(UK) LLP is authorised and regulated by the UK FSA and, along with other parts of the group, is a
registered investment adviser with the US SEC.


Cheyne Capital Management (UK) LLP is a limited liability partnership registered in England (Registered no. OC321484)
Registered Office: Stornoway House, 13 Cleveland Row London SW1A 1DH
Authorised and Regulated by The Financial Services Authority

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Cheyne Capital News: Chris Goekjian As Chief Investment Officer

  • 1. Cheyne Capital Management (UK) LLP Stornoway House 13 Cleveland Row London SW1A 1DH Tel: +44 (0)20 7031 7450 Fax: +44 (0)20 7031 7650 Cheyne Capital Management (UK) LLP is a limited liability partnership registered in England (Registered no. OC321484) Registered Office: Stornoway House, 13 Cleveland Row London SW1A 1DH Authorised and Regulated by The Financial Services Authority PRESS RELEASE Cheyne Capital appoints Chris Goekjian as Chief Investment Officer London, 14 April 2009 – Cheyne Capital Management (UK) LLP is pleased to announce the appointment of Chris Goekjian as partner and Chief Investment Officer ("CIO") reporting to Jonathan Lourie, Chief Executive. As CIO, Mr. Goekjian 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. "Chris Goekjian's appointment is an important strategic addition to our investment and risk management capabilities at Cheyne and we are pleased that he is joining our strong team of investment professionals," said Jonathan Lourie, Chief Executive. "Current market conditions are opening up interesting new opportunities and we are delighted to have someone with Chris's experience to help us execute the continuing development of our business," commented Stuart Fiertz, President. Chris Goekjian said: "It is a great privilege to be joining Cheyne, one of the leading alternative asset managers in Europe. The firm has a reputation for innovation and 2009 is going to be a very exciting time to be at the forefront of change in the alternatives industry." Mr. Goekjian has over 25 years experience in investment and risk management. His previous experience includes serving 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, Mr Goekjian was CEO and CIO of Altedge Capital (UK) Ltd, a London based fund of funds manager he founded in 2001 and whose business is intended to be integrated into Cheyne over the next six months, subject also to legal and regulatory approvals. About Cheyne Capital Cheyne Capital is one of Europe’s leading alternative asset managers. Cheyne Capital Management (UK) LLP is authorised and regulated by the UK FSA and, along with other parts of the group, is a registered investment adviser with the US SEC. Cheyne Capital Management (UK) LLP is a limited liability partnership registered in England (Registered no. OC321484) Registered Office: Stornoway House, 13 Cleveland Row London SW1A 1DH Authorised and Regulated by The Financial Services Authority