Launches & Closures

CQS starts share offering for multi-strat Diversified Fund listing


CQS, the $8.2 billion alternative asset manager led by Michael Hintze, has started the placing and offer for subscription of shares in the new stockmarket-listed feeder fund vehicle for its well-performing CQS Diversified multi-strategy fund.

The new CQS Diversified Fund Limited investment company will provide a publicly-listed vehicle for investors to gain exposure to a range of the firm’s hedge funds by investing in the Cayman-domiciled CQS Diversified Fund, which has been running since March 2007.

CQS Diversified, which is effectively an internal fund of funds, is up by some 12.5% this year – with a net return of over