Global credit hedge fund behemoth, CQS, has teamed up with Schroders to launch the Schroder GAIA CQS Credit Fund.
Global credit hedge fund behemoth, CQS, has teamed up with Schroders to launch the Schroder GAIA CQS Credit Fund. The unconstrained credit l/s fund will seek to replicate the firm’s offshore CQS Credit Long Short fund, launched in March 2009, and will be managed by the same team headed up by Chief Investment Officer, Credit, Simon Finch. The fund invests in a range of investment-grade and high yield credit instruments in liquid global corporate credit markets, with the US and Europe primary markets.
It should prove to be an attractive diversifier for investors with Schroders’ global head of product Gavin Ralston (pictured) quoted as saying: “Credit long/short is an under represented Ucits strategy and there have been few industry leader launches in this space.” It becomes the fifth UCITS-III compliant fund to be onboarded onto GAIA since the platform launched in November ’09. The four other hedge fund managers include: Schroder GAIA Sloane Robinson Emerging Markets, Schroder GAIA Egerton European Equity, Schroder GAIA QEP Global Absolute and Schroder GAIA Opus Multi-Strategy; the latter two being internally managed hedge funds. “We are very pleased to be partnering with Schroder GAIA which has established itself as one of the leading UCITS distribution platforms in alternatives investments,” said Michael Hintze, founder and CEO of CQS.
