Top CQS Manager Lumsden Out

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.


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Artivest Announces Funding Round Led by KKR & Co.

May 4 2015 | 9:56am ET

Artivest, a startup that provides individual investors with access to private equity...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note