Skip to content
Subscriber Only
Markets
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

Michael Hintze

Photographer: Kyle Grillot/Bloomberg
Updated on

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.