Michael Hintze's CQS moves into equities

Financial Times reports that Michael Hintze's CQS - Europe's biggest credit hedge fund by assets under management - is moving into equities.  The firm plans to launch the "CQS equity long/short fund," which will be run by David Morant.

From the FT: 

The firm has already had to restrict new investments in several of its funds, including its main multi-strategy fund, and its asset-backed securities fund to prevent them growing so large that their performance suffers.
CQS’s flagship directional opportunities fund, run by founder Michael Hintze – a prominent philanthropist and leading donor to the UK Conservative party – made investors 36 per cent in 2012 and is up 7.6 per cent so far this year, according to a client of CQS.

Read the full article here

Reuters has also reported on Hintze's CQS moving into equities.