CQS, the $11.9 billion credit-focused alternative investment
firm led by Michael Hintze, has appointed former CSFB colleague
and New Finance Capital founder Marc Hotimsky as the
firm’s new chairman.
As a senior member of the management team, Hotimsky will
assist in furthering CQS’ institutionalisation,
according to a statement from the firm. "I am pleased to
welcome Marc to CQS, especially as we were colleagues at CSFB
where he ran the team that worked on the seeding of CQS at our
inception," said Hintze, CQS’ CEO and senior
"He brings with him significant, relevant experience and
will broaden our management bench. Marc will help us to
identify opportunities to strengthen and deepen our footprint
and trading talent in what we see as an exciting time for
alternative asset managers."
Hotimsky has long experience of the investment banking and
hedge fund worlds. He co-founded New Finance Capital, the fund
of fund groups that was acquired by Schroders in 2006, and
subsequently ran Schroders New Finance Capital for five years
Before that he spent eight years at CSFB from 1992 to 2000,
having previously worked at JP Morgan, Citibank and Bankers
Trust – working from 1996 as a member of the
firm’s executive board of directors, with
responsibility for fixed-income activities worldwide.
He previously built the firm’s foreign exchange
and emerging markets businesses, two activities that he ran
directly until 1996. In 1999, following the merger with Credit
Suisse Financial Products, he became global co-head of the
fixed-income and derivatives division of Credit Suisse First
Boston, the largest division of the firm in terms of size and
Since spinning out from CSFB in 1999, CQS has grown into a
large credit-focused global multi-strategy asset management
firm – with total assets under management of almost
$12 billion. CQS has over 250 staff located globally, 87 of
whom are specialist investment professionals.
The firm launched its first convertibles-focused hedge fund
in March 2000 and has since expanded its offering to include
additional strategies and bespoke solutions in the areas of
multi-strategy, convertibles, asset-backed securities, credit,
loans and equities.