CQS launches CQS Credit Long Short Fund with an initial size of US$100 million. The Fund will commence trading in April.
The Fund is an absolute return fund targeting net annual returns in excess of 15%. The Fund will provide investors monthly liquidity.
Simon Finch, Chief Investment Officer of Credit, will lead the Funds five-strong portfolio management team. This team will be supported by CQS 15 person fundamental credit research group, robust trading and risk management systems and infrastructure platforms in London, Hong Kong and New York.
The portfolio management team led by Simon has significant experience through many investment cycles, says Michael Hintze, chief executive officer, CQS.
The launch of the Fund reflects our belief that the level of volatility in credit markets and in individual corporate names will remain high. We expect compelling investment opportunities will continue to emerge and that this will provide for higher potential returns with low leverage.
L.D.