London Hedge Fund Reveals Stake in A&P

London-based hedge fund Cheyne Capital Management has purchased 2.4 million shares of A&P stock, taking a 5.7% ownership stake in the retailer, the fund said in a Securities and Exchange Commission document this week.

MONTVALE, N.J. — London-based hedge fund Cheyne Capital Management has purchased 2.4 million shares of A&P stock, taking a 5.7% ownership stake in the retailer here, the fund said in a Securities and Exchange Commission document this week. Cheyne, according to its website, specializes in event-driven, credit and asset-backed securities, equities and equity-linked investing. Its previous retail investments include Bed Bath & Beyond and Blockbuster, filings show.

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