Saturday, 26 July 2014
Last updated 11 hours ago
Jul 18 2013 | 9:01am ET
Former Citadel executive Chris Boas has joined London-based hedge fund firm CQS as a portfolio manager. The move follows a decision to put his own hedge fund on hold because of difficulty raising capital. He had been planning on launching Longwood Credit Partners in the first quarter, but there was a lack of investor interest and he pulled the plug.
In his new role at CQS, Boas will focus on fixed income investing.
Previously, Boas worked in Chicago as head of credit for Citadel's hedge funds and as head of credit markets and co-head of institutional sales at Citadel's investment-banking unit, Citadel Securities. Boas also formerly worked at Morgan Stanley.
Boas had planned to run a fixed-income arbitrage strategy at Longwood, and had hired fellow Citadel veteran Keshev Lall to serve as an analyst at the firm.
Longwood's struggle to find investors for his fund comes at time when many European funds are finding it difficult to raise capital. Europe was the only one of the 13 geographic regions tracked by Credit Suisse Group to see negative demand for hedge funds last year.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…