Billionaire Michael Hintze Sells CQS to Manulife and Will Start New Firm
- Hintze’s flagship hedge fund not included in transaction
- Manulife building out specialized fixed-income strategies
This article is for subscribers only.
Manulife Investment Management is buying most of billionaire Michael Hintze’s CQS in a bid to expand the Canadian investment firm’s specialized fixed-income investment strategies.
The Manulife Financial Corp. unit is acquiring the CQS credit platform, which has about $13.5 billion of assets under management, and the CQS brand, one of the best-known names in alternative investing, according to a statement. The transaction is expected to be completed in early 2024, and financial terms weren’t disclosed.