CQS (U.K.) launched a new long-only strategy, the CQS Credit Multi Asset Fund, specifically for institutional investors, said Michael Hintze, CEO and senior investment officer of the hedge fund manager, in a news release.
The new actively managed strategy is available to institutional investors worldwide and invests tactically across a broad credit spectrum, including convertible and high-yield bonds, loans and asset-backed securities.
The strategy will have an “initial bias” toward European investment opportunities, the release said, and targets a net return of LIBOR plus 4% to 5% over an investment cycle. The upper limit on the interest duration of the strategy is two years.
CQS manages a total of $12 billion for a mostly institutional, global clientele.