Manulife is buying CQS, the UK credit investor founded by Lord Michael Hintze, as the Canadian insurer and money manager seeks to bulk up in the fast-growing area of private credit.
The deal, announced on Wednesday, hands the Canadian group CQS’s brand, platform and $13.5bn in assets under management. CQS chief executive Soraya Chabarek will continue to manage the business as it is folded into Manulife Investment Management, which has $746bn in AUM.
Read the full story here.