Monday, 26 September 2016
Last updated 1 hour ago
Dec 11 2012 | 10:25am ET
CQS's top asset-backed securities manager has left the firm.
Alistair Lumsden had served as chief investment officer of the US$2.3 billion CQS ABS Fund, which has enjoyed annualized gains of 28% over the past six years and which is up 14% this year through October.
CQS told clients today that Simon Finch, chief investment officer of credit, would take over for Lumsden at CQS ABS and the smaller ABS Alpha Fund.
"The ABS business is well-positioned and the 11-strong New York- and London-based ABS team has significant depth and breadth of experience in the analysis and portfolio management of ABS strategies," CQS wrote.
The US$11.9 billion firm gave no reason for Lumsden's departure and did not indicate the former portfolio manager's future plans.