Tuesday, January 31, 2023

Episode 9: Stuart Fiertz, Cheyne Capital

Stuart Fiertz, co-founder and president at $10bn London firm Cheyne Capital Management, discussed his firm’s post-2008 strategy shift and the outlook for alternatives on episode 9 of the AFI podcast.

Fiertz is one of the leading figures in the European alternatives industry, having co-founded Cheyne Capital with Jonathan Lourie in 2000. Since the financial crisis the firm has pivoted towards private credit and other areas of alternatives, while retaining a foothold in hedge.

Fiertz discusses his firm’s journey, the outlook for alternatives and markets, the state of ESG, UK politics and much else besides.

There are listen links below. Here is a listening guide to the episode:

1:47 – Cheyne’s development and strategy shift since the financial crisis.
3:50 – Favoured current opportunities
5:39 – The case for alternatives into 2023
7:38 – Will 60:40 losses spark inflows to alts?
9:05 – What risks are top of mind?
10:48 – US rates outlook
11:25 – Private credit – what are the risks?
13:25 – PC comparison to private equity
14:44 – Does HF industry still exist?
18:04 – SBAI development
19:33 – The case for ESG
21:59 – How have ops/recruitment changed?
24:28 – Future of Cheyne. Is there a succession plan?
26:00 – UK politics perspective

Read five key takeaways from the interview here

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