Hedge Funds

Sure start for ex-CQS Benson's Ravenscourt Capital credit firm

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Mark Benson, the former CIO of fixed income at CQS, is up and running with his new Ravenscourt Capital long/short European credit and distressed firm and has made a sure-footed start in the treacherous market conditions of the past few months.

Launched in late October, the Ravenscourt Capital Partners Fund is up by some 4% after its first four months of trading - finding opportunities on both the long and short side in an environment of high market volatility and growing corporate stress.

Benson, who was head of fixed-income at Lehman Brothers before joining CQS, leads a nine-strong operation that