CQS Management, OakTree, HSBC and KKR are increasing their European Distressed Debt Investments
|April 10th, 2011||
|CQS Management Ltd has announced that its plans to buy more European distressed debt. According to an article from Bloomberg, the announcement follows a series of movements into European distressed debt by large investors including Howard Marks’s OakTree Management LLC, Kohlberg Kravis Roberts & Co., and HSBC Alternative Investment Ltd. The moves are seen as a reaction to the drop-off in profits resulting from U.S. distressed debt investments.|
CQS Management Ltd (CQS U.K. LLP) is $10 billion hedge fund firm that was founded in 1999 by Michael Hintze. Prior to founding CQS, Hintze was a convertible bonds banker at Credit Suisse Group AG.
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