CQS is closing its asset-backed securities (ABS) fund to new investors, Financial Times reports. The ABS fund, which was launched in 2006, will be shut after it raises $2 billion.
The fund currently manages $1.6 billion but has a large pipeline of commitments from investors. Alistair Lumsden is the portfolio manager of the fund.
Click here for the story from Financial Times.
Click here for additional coverage from Reuters.