(Bloomberg) CQS Investment Management’s main hedge fund gained 30.4 percent in 2016, its best annual return since 2012, according to two people with knowledge of the matter.
The $2.8 billion CQS Directional Opportunities Fund, managed by billionaire Michael Hintze, was boosted when its credit bets turned profitable in March, one of the people said, asking not to be identified as the information was private. The London-based fund’s currency bets gained in November due to volatility sparked by Donald Trump’s surprise U.S. presidential election victory.
