CQS team thrive with low-vol credit strategy
Fri Oct 21, 2011
Simon Finch and his CQS long/short credit team are targeting positive returns every year with a strategy that is materially different in concept and construction from other funds in the highly volatile credit space
The past four years have been a quite extraordinary time in
credit markets - with the savage bust of 2007 and 2008 being
followed by a swift and spectacular boom through 2009 and early
2010, turning again to growing uncertainty and bearishness over
the past year or so.
Managing any credit fund through such a violent cycle would
have been a challenge. But managing one that explicitly sets
out to deliver consistent, low-vol and uncorrelated positive
returns every year must have been even more of a challenge than
Yet that is just what Simon Finch, the manager of the CQS
Credit Long/Short strategy, and his team at CQS have achieved
since launching the fund as a standalone vehicle in April 2009
- having previously traded the strategy for around a year
within the firm's Capital Structure Arbitrage fund, which is
closed to investment.
Having returned some 17% in...
ISSN: 2151-1845 / CDC10004H
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