Report: Hintze Knighthood Opposed By Angry Government

Jun 20 2013 | 10:40am ET

CQS founder Michael Hintze's criticism of a top British politician nearly cost him his knighthood.

After the honor was recommended by the Main Honours Committee, the government responded negatively. The issue, reportedly, was not Hintze's link to a scandal that led to the resignation of Britain's defense minister in 2011, but his criticism of Chancellor of the Exchequer George Osborne's policies.

Those attacks made him persona non grata at 10 Downing Street, the Daily Mail reports, in spite of his generosity to the ruling Conservative Party.

But his generosity to arts groups and museums ensured that he'd become Sir Michael. The beneficiaries of the more than £30 million Hintze has given away pushed back against the government, as did the Honours Committee.

"It was quite clear that the man amply deserved the honor after all his philanthropy," a committee insider told the Mail. "We pushed back and made it clear a political veto would be unwelcome."

Hintze's close ties with Prince Charles also played a role, according to the Mail; the hedge fund manager is chairman of the heir to the throne's Foundation for the Built Environment.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.