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

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

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

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of