Saturday, 27 August 2016
Last updated 23 hours ago
Nov 27 2012 | 11:07am ET
CQS has a new senior executive, and has named an old friend of founder Michael Hintze to take on the role.
The US$12 billion hedge fund has named Marc Hotimsky its first chairman. Hotimsky, who worked with Hintze at Credit Suisse First Boston and was part of the team that helped seed CQS in 1999, was also named a senior member of the firm's management team.
Hotimsky is charged with helping CQS "identify opportunities to strengthen and deepen our footprint and trading talent in what we see as an exciting time for alternative asset managers," Hintze said.
Hotimsky was a member of CSFB's executive board of directors and global co-head of fixed-income and derivatives. He left the bank in 2000 and set up fund of hedge funds NewFinance Capital two years later. He became non-executive director of NewFinance, which was acquired by Schroders in 2006, last year.