Deals
Billionaire Hintze’s Hedge Fund Rocked by Pandemic Losses
- Growth ambitions at CQS give way to fight to stem reversals
- Hedge fund legend missed market rebound after March plunge
Michael Hintze
Photographer: Kyle Grillot/BloombergThis article is for subscribers only.
The outsiders that Michael Hintze brought in to his secretive hedge fund firm didn’t last long. Nor did their growth plans.
The billionaire’s firm, known as CQS, a bastion of money-making whose flagship fund has returned more than three times the average of hedge fund peers since it opened in 2005, is now headed in reverse.