CQS, the $11.2 billion multi-strategy group led by Michael
Hintze, is starting to gain traction in its European distressed
fund ahead of what looks likely to be an opportunity-rich time
for distressed investing in Europe.
The multi-asset-class CQS European Distressed Fund was
launched in August last year with $42 million of seed capital.
Assets have just passed the $100 million mark and the fund has
performed steadily in a difficult last few months for
CQS European Distressed posted a positive return of 0.23% to
the end of 2011 - compared with losses in most other European
distressed funds - and was up by just over 1% in January.