Michael Hintze Ramps Up Succession After Bruising Year for Hedge Fund
- CQS forms group of senior partners with higher equity stakes
- Move follows sharp losses following volatility during pandemic
Michael Hintze
Photographer: Kyle Grillot/BloombergThis article is for subscribers only.
Billionaire hedge fund manager Michael Hintze has stepped up succession planning after a turbulent year at his investment firm.
Hintze disclosed plans to form a group of senior partners at his London-based firm CQS, according to a letter on Tuesday to his clients seen by Bloomberg. The group, including Michael Peat, Soraya Chabarek, Prakash Narayanan, Craig Scordellis and Jason Walker, will share higher equity stakes and develop a firmwide strategy.