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.
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 14% so...