CQS To Close Multi-Strategy Fund To New Investors

Nov 29 2010 | 11:40am 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

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...