Hedge Funds

CQS to soft-close high-performing ABS strategy at $2bn


The firm is carefully managing inflows to its sought-after funds.

CQS, the $11 billion global multistrategy asset manager led by Michael Hintze, is soft-closing its high-performing $1.6 billion CQS ABS Fund during the next few months, allowing time for investors to complete the necessary due diligence for additional allocations to take the fund to $2 billion.

In addition, the London-based firm has also decided to reserve extra capacity for allocations from the Diversified Fund, a $460 million multistrategy vehicle that allocates across the range of CQS’ single-strategy hedge funds.

Managed by Ali Lumsden, CQS ABS has been a star performer among European hedge funds during the past few years, racking