Saturday, 27 August 2016
Last updated 1 day ago
Nov 7 2011 | 12:15pm ET
CQS founder Michael Hintze has parted ways with one of his closest advisers.
Oliver Hylton, the key link between Hintze's hedge fund and a major political scandal in the U.K., has left CQS, The Guardian reports. Hylton, who led Hintze's charitable foundation, had previously been suspended.
Hylton served as the sole director of Pargav, the organization that paid for controversial travel by Adam Werritty, the alleged lobbyist whom Hylton allowed to use CQS' offices, and former U.K. Defense Minister Liam Fox. Fox resigned last month due to the scandal.
Hintze, a major donor to the Conservative Party that counts Fox as a member, also paid for Fox and Werritty to fly back from the U.S. in May.