James Caird Asset Management has hired Ian Newton and Matthew Addison from the special situations team at Cheyne Capital.

Newton joins James Caird with over 17 years’ experience in special situations investment management with extensive experience in risk arbitrage and event driven opportunities.

Addison joins from Cheyne Capital where he had become a partner in 2007. His focus is on event driven equities, merger arbitrage, and stressed/distressed debt strategies.

“JCAM is fortunate to be growing at this time as the available talent pool is deep. The availability of top quality analysts, managers and traders has never been higher. We believe that the nature of financial markets and the investment styles providing the most compelling investment opportunities have changed for the foreseeable future and we are reflecting that view in our investment team,” says John Demaine, a James Caird partner.