CQS is a London based investment concern founded in 1999 by Michael Hintze. He is also known as Lord Hintze, and as of this writing he remains CQS' chairman of the board.
Hintze --pictured here -- also runs a hedge fund, which has been something of a side gig for him. It is called the Directional Opportunities Fund.
As it happens, Toronto, Canada based giant Manulife Investment Management is buying out CQS, in a deal set to close early next year.
Lord Hintze seems poised, and happy, to go his own way. In a statement, he said: “I’m delighted that CQS has found the right partner in Manulife Investment Management. It provides a long-term platform that will enable CQS to thrive as a leading alternative credit manager for years to come under Soraya’s exceptionally able leadership. I will now focus full-time on running the Directional Opportunities Fund, an opportunity that I am excited about. I wish Soraya and the CQS team every success as they embark on this exciting new chapter.”
Sounds like "don't bother me, I'll be at the beach." Except that the beach is a hedge fund. Hope it works out for everyone.
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