Billionaire Michael Hintze suffered a record 45% loss in its flagship fund in just two months 2020
Billionaire Michael Hintze suffered a record 45% loss in its flagship fund in just two months 2020
Hedge fund billionaire Sir Michael Hintze recorded a record 45% loss on its flagship fund in March and April. according to Bloomberg.
The loss of the CQS Directional Opportunities Fund dwarfed the average 4.6% decline in hedge funds over the two-month period, Bloomberg said, citing hedge fund research data.
CQS had to sell investments at a fraction of their face value to raise money during…