Goldman Restructures Cheyne's $7 Billion SIV

Goldman Sachs is about to propose a reorganisation of a $7 billion structured investment vehicle formerly managed by Cheyne Capital. The financial industry is expected to pay close attention to the deal, which could be signed very soon, because it

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Goldman Sachs is about to propose a reorganisation of a $7 billion structured investment vehicle formerly managed by Cheyne Capital. The financial industry is expected to pay close attention to the deal, which could be signed very soon, because it would be a new kind of restructuring for a collapsed SIV, and London-based Cheyne is one of the larger independent SIVs.

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