Saturday, 28 November 2015
Last updated 1 day ago
Nov 12 2010 | 2:13am ET
CQS plans to launch its first listed hedge fund on Dec. 15, it said in the new fund’s prospectus.
The London-based firm said it hopes to offer its CQS Diversified through a placement on the London Stock Exchange, both to British institutional investors and international investors. The subscription offer will close on Dec. 9.
The listed vehicle will invest in CQS’s existing Diversified Fund, which launched in 2007. The fund of funds, which invests in other CQS funds, has posted a 10% annualized return and is up 22% this year.
RBS Hoare Govett is serving as bookrunner for the placement. The new fund will feature a provision triggering a continuation vote if its shares trade at a discount of more than 5%.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…