Top CQS Manager Lumsden Out

Dec 11 2012 | 11:25am 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

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

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

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of