CQS To Close Multi-Strategy Fund To New Investors

Nov 29 2010 | 10:40am ET

CQS is set to close its multi-strategy Directional Opportunities Fund as it prepares to launch a listed feeder vehicle for the CQS Diversified Fund (a fund of CQS-managed funds).

The London-based hedge fund plans to soft-close the multi-strategy fund, which currently manages US$980 million. The fund is set to reach US$1.2 billion in assets over the next few months following the fulfillment of several new commitments, the Financial Times reports.

"We are mindful of seeking to maintain returns on the capital investors have entrusted in the fund," CQS founder and fund manager Michael Hintze wrote to investors. "In consideration of the potential future returns and anticipated future inflows from the pipeline, the directors have agreed they will soft close the fund."

Directional has returned more than 27.5% this year.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.