CQS extends retail activities with Ucits credit fund

CQS is expanding its retail reach, and Schroders its Ucits fund platform, as the two asset managers team up with one another to launch CQS’s Credit Fund on the Schroder GAIA platform.

It is the latest in a series of credit funds being made available to retail investors, and marks the second time CQS has made its expertise available to retail buyers.

The Schroder GAIA CQS Credit fund will be governed by Ucits laws and take an unconstrained approach to invest long and short in high yield and high-quality credit markets in Europe and the US.

Michael Hintze, CQS’s founder and chief executive officer, said: “We see significant opportunity in credit long/short strategies and look forward to contributing to the diversification of Schroder GAIA’s offering. “

Gavin Ralston, global head of product at Schroders (pictured), said: “Credit long/short is an under-represented Ucits strategy and there have been few industry leader launches in this space.”

The fund will be managed by the same team under CQS’s chief investment officer for credit Simon Finch, which runs the $10.3bn manager’s offshore CQS Credit Long Short fund, launched in April 2009.

CQS has already made other of its hedge fund strategies widely available by packaging them in the London-listed CQS Diversified investment trust.

Brevan Howard did the same for its Credit Catalysts strategy, listed in London but run out of New York by David Warren.

The popularity of credit as a strategy was shown recently by Opus Credit, a fund of funds run by Schroders boutique NewFinance Capital, closing to further subscriptions.

CQS Credit is the fifth fund on Schroders’ GAIA platform. Others include the Schroder GAIA Egerton European Equity and Schroder GAIA Sloane Robinson Emerging Markets funds, and the inhouse Schroder GAIA Opus Multi-Strategy and Schroder GAIA QEP Global Absolute products.

David Walker

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