Overview
Description of Advisory Firm and Principal Owners
CQS (US), LLC (“CQS”, the “Adviser”, “we”, “us” or “our”) is an investment advisory firm founded in
February, 2008. CQS is owned by its member, CQS Management Limited (“CQS Management”), an
English limited company. CQS Management is wholly owned by CQS Jersey Limited, a Jersey (Channel
Islands) limited company which, in turn is wholly owned by CQS (Holdings) Jersey Limited (“Holdings”),
also a Jersey (Channel Islands) limited company. Holdings is wholly owned by Lord Hintze (Michael
Hintze) who is therefore the ultimate beneficial owner and controller of CQS. The CQS group is
headquartered in the United Kingdom (London), with a presence in Australia, Hong Kong, the United States
(New York) and Jersey (Channel Islands) (the “CQS Group”).
The organization is a global multi-strategy asset manager, with a credit focus. As at June 1, 2023 the CQS
Group had approximately $ 15+ billion of investor capital under management and over 1 5 0 + staff
located globally.
CQS investment staff consists of experienced investment professionals with strong backgrounds in asset-
backed securities (including mortgages), distressed and deep value investments, investment grade and high
yield corporate credit (including senior secured loans), convertible arbitrage and equities. CQS investment
professionals formulate investment ideas and recommend certain investments based on specific strategies.
The
investment team operates under the overall supervision of the F o u n d e r , E x e c u t i v e
C h a i r m a n , who is based in the London office of the CQS Group.
Advisory Services
CQS provides discretionary and non-discretionary investment services to certain privately offered pooled
investment vehicles organized as exempted companies and limited partnerships (or similar structures) under
the laws of (among others) the Cayman Islands, the state of Delaware, Ireland, and the Grand Duchy of
Luxembourg (which may be structured on a standalone basis, a “master/feeder” structure, or as part of an
“umbrella” or segregated portfolio structure) (“CQS Funds” or “CQS Clients”).
CQS will typically advise the CQS Funds on a sub-advisory basis, under an investment advisory or sub-
investment management agreement with CQS (UK) LLP (“CQS UK”), which typically acts as the principal
investment manager to such CQS Funds. There are, however, certain CQS Funds for which CQS acts as
the primary investment manager.
CQS advises the CQS Funds in relation to investments in, included but not limited to, asset-backed
securities, distressed investments, investment grade and high yield corporate credit (including senior
secured loans) and equities. In pursuing the investment strategy and objectives of the CQS Funds, CQS will
(acting on behalf of the CQS Funds) take long and short positions in securities either as a directional trade
or for hedging purposes.