CQS To Raise $2B For ABS Fund

CQS is closing its asset-backed securities fund to new investors.

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.

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