Hedge Funds

CQS team thrive with low-vol credit strategy

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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

Simon Finch
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 most.

Yet that is just