CQS Investments’ Michael Hintze believes that the France’s struggling economy would present a “major pothole” for investors in 2014.
Reuters reported that Hintze said during the Reuters Global Investment Outlook Summit in London that while he predicted the rest of Europe as a “pretty benign world” for investors next year, he listed France’s social tension, government debt, an exodus of works and the possibility that the country may drop out of the euro project as concerns.
The article also said that Hintze added during his speech that his firm has purchased credit default swaps against French corporates.
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.