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Famed Hedge Fund Firm CQS Is Surviving — But Not Because of Its Hedge Funds

For a man whose flagship hedge fund was down more than 50 percent at one point last year, Michael Hintze sounds surprisingly upbeat.ย  On a chilly winter afternoon, Hintze, 67, phones from London to talk about his firmโ€™s reckoning this past spring, a time when the flagship fundโ€™s structured credit instruments went terribly wrong and the firmโ€™s positioning amid market turmoil sent that and one other fund plummeting to their worst-ever losses โ€” wiping out billions of assets in mere weeks....
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