Paper Trail of $100 Million Payout for CQS’ Hintze

It looks like convert arb kingpin Michael Hintze may have pulled as much as $100 million off the table last year as assets under management at his hedge fund CQS Management hit $5 billion. Though it’s unclear how much he paid to his traders and how much he kept for himself, there is a paper trail of $107 million being transferred from CQS to a Cayman Islands company owned by Hintze. This is also good news for the Conservative party, as Hintze is one of the Tories’ twenty biggest contributors.
Hedge Fund Boss’ Pay packet [Evening Standard (UK)]

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