A former managing director and proprietary trader at Swiss bank UBS has axed his plan to start his own hedge fund to join London-based CQS.
Financial News reported that Zacharias Bobolakis, who headed UBS’ convertible and capital structure trading group in Europe, joined Michael Hintze’s CQS on Monday as a portfolio manager. He will be responsible for trading credit and equity relative-value strategies in his new post.
The article added that Bobolakis, who left UBS in February 2012 after 18 years with the bank, was planning to launch Veltiston Capital after his departure but shelved the plan after deciding not to make the launch alone.
Credit specialist CQS manages about $12 billion in assets.