BusinessWeek – CQS U.K. LLP, a London-based manager of $6.7 billion in assets, has doubled the Asian allocation of its oldest global hedge fund since 2008 as it bets on a recovery in the region’s convertible bond market.
Asia now accounts for 20 percent of the long investments of the $1.8 billion CQS Convertible and Quantitative Strategies Fund, up from a March 2008 low of 8 percent, Michael Hintze, founder and chief executive officer, said in an e-mail.
