CQS, the $8.4 billion asset manager led by Michael Hintze, is planning to soft-close its high-performing CQS Directional Opportunities multi-strategy fund.
The fund, managed by Hintze himself, has grown to almost $1 billion since inception in September 2005 on the back of outstanding multi-year performance. Another strong return of 4.6% in October takes this year’s performance to 27.5% and the fund is annualising at 25%.
With additional inflows in the pipeline, the manager and the fund’s directors want to ensure that it remains nimble enough to maintain investor returns. In the current market