Launches & Closures

CQS unveils multi-asset-class European distressed launch


CQS, the $11 billion global multi-strategy asset manager led by Michael Hintze, is rolling out a new European distressed fund run by its experienced credit and distressed investing team.

The CQS European Distressed Fund is launching this month with initial seed capital of $43 million. The fund is a multi-asset-class strategy targeting a 15%-plus net annual return over the cycle.

The investment management team for the new product is led by Simon Finch, CIO for credit at CQS, and Mark Unferth, the CIO for distressed who runs the firm’s distressed debt strategies out of New York.

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