CQS, the $8 billion London-based global asset manager led by Michael Hintze, has quietly launched a new standalone fund focused on opportunities in distressed debt as the latest addition to its multi-strategy range of funds.
Mark Unferth
The Distressed Value Opportunities fund, which started trading a few months ago with initial capital of around $50 million from a handful of core seed investors, is managed by Mark Unferth out of the firm's New York office.
Unferth joined CQS last year and has been managing the distressed strategy until now as part of Hintze's high-performing $800 million CQS Directional Opportunities Fund - which is up by...