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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 — Michael Hintze
Photographer: Kyle Grillot/Bloomberg

By

Nishant Kumar and

June 3, 2020, 4:00 AM UTCUpdated onJune 3, 2020, 10:42 AM UTC

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.