The former head of Michael Hintze’s CQS Investments’ asset-backed securities unit is preparing to launch his own hedge fund.
Bloomberg reported that Alistair Lumsden, who left CQS last year as its chief investment officer, plans to launch East Lodge Capital Partners next year. The firm will trade European and U.S. credit with a focus on corporate bonds and structured debt.
Lumsden is looking to raise as much as $250 million for East Lodge Capital before it starts trading.
Formed in 1999, CQS is one of the United Kingdom's wealthiest fund managers. The firm currently has about $12 billion in assets under management.