CQS Said to Weigh Selling Parts of $15 Billion Fund Business (1)

Billionaire Michael Hintze’s CQS is exploring options including selling part of its asset-management business, according to people with knowledge of the matter.

The London-based firm is working with an adviser to gauge potential interest, said the people, who asked not to be identified because the talks are private. CQS is considering a range of transactions including divesting a stake or selling one or both of its long-only and asset backed securities businesses that now make up the bulk of its more than $15 billion in assets.

The firm could also spin out some of the activities, two of ...