Hedge Fund Founder Hintze’s New Firm Faces CQS Tax Liability (1)

CQS founder Michael Hintze’s new hedge fund is at risk of footing the bill for historic taxes at his former firm, with an upcoming case at the UK’s top court set to help influence the outcome.

Deltroit Asset Management, Hintze’s latest venture, has agreed to assist in covering tax liabilities for CQS that arose between 2016 and its sale to Manulife Investment Management in 2024, according to a filing. The disclosure comes ahead of a hearing by the UK’s Supreme Court next month in a case involving rival BlueCrest that will decide the fate of a practice that shielded ...