CQS Hedge Fund
CQS Hedge Fund NotesThe following piece on CQS is being published as part of our daily effort to track hedge fund events in the industry. To review other hedge fund related announcements please see our Hedge Fund Tracker Tool.
Resource #1: (3.18.09) Quantitative hedge fund shop CQS founder Michael Hintze is getting some help running the firm.
The London hedge fund has named Grant Thompson to serve as joint CEO, alongside Hintze. Thompson will be based in New York, where CQS is hoping to expand its business. source
Resource #2: UK hedge fund manager CQS said on Thursday it had launched a new fund that will aim to profit from the volatility that has gripped global stock markets for much of the past year.
CQS, which had $9.6 billion of assets under management at the start of August, said it had launched CQS Global Volatility Fund with an initial size of US$160 million.
The fund will use futures and options to trade volatility, with a primary focus on equity market indexes and on individual equities within the world's major stock markets.
"The Fund aims to profit from valuation anomalies in equity volatility and from dislocations in markets. CQS believes that equity market volatility provides a consistent opportunity set to capture profits for investors," CQS said in a statement.
The UK firm said senior portfolio managers Andrew Song and Amir Kooros will lead a team of 9 derivative investment professionals. Read more...