Cheyne Capital, Europe's eighth-largest alternatives manager with $9.5bn (€7.5bn) of funds under management, has increased its revenues on the back of rising assets and the positive performance of its investments.

Cheyne Capital Management Limited increased its turnover from £63m (€94m) for the 12 months ended 31 March 2005 to £88m for the nine months ended 31 December 2005, according to accounts just filed at Companies House. The company has changed its financial year end.