CQS Founder, CEO and SIO Michael Hintze speaks during the Reuters Global Investment Outlook 2013 Summit in LondonBillionaire investor Michael Hintze's hedge fund posted a 1.3% return in August but remains down 42.5% this year,Hintze's CQS Directional Opportunities Fund tanked 48% from February through May as the coronavirus tore into risk assets.
"We are working hard to capture the opportunities, protect the portfolio, and rebuild returns for our investors," Hintze said in a letter to investors seen by Bloomberg.Michael Hintze's hedge fund eked out a 1.3% gain in August but remains far from erasing losses made through the first months of the coronavirus pandemic,The billionaire investor's CQS Directional Opportunities Fund is down 42.
"We are working hard to capture the opportunities, protect the portfolio, and rebuild returns for our investors," Hintze said in his letter to investors.
Billionaires. Welcome to the club.$$ 🤔✌
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