Friday, 19 December 2014
Last updated 15 hours ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.