CQS Total Return Credit backs 'cheap' European banks

Also focusing on dislocated spreads

Pedro Gonçalves
clock • 2 min read
Banco Sabadell is one of the fund's five largest holdings
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Banco Sabadell is one of the fund's five largest holdings

The CQS Total Return Credit fund is taking advantage of dislocated spreads and opportunities across Europe, particularly within the banking sector, in efforts to exploit inefficiencies in the way capital is being allocated within the market.

Launched in early February, the fund is managed by Craig Scordellis, head of multi-asset credit, and Darren Toner, head of high yield, investment grade and financial portfolios. It currently has £54m...

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