Sunday, 26 April 2015
Last updated 1 day 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…