Manulife Investment Management (IM) has announced the completion of its purchase of UK-based alternative credit manager CQS.
The transaction, first announced in November 2023, is designed to expand Manulife IM’s fixed income offering.
The CQS brand will be now used alongside that of its new owner and will be known as Manulife | CQS Investment Management.
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Soraya Chaberek, chief executive of CQS, will remain in her role, as will a number of senior partners.
The acquisition has been inspired by the growing investor interest in alternative credit and the demand for more sophisticated strategies.
“With this acquisition, Manulife Investment Management is well-positioned to capitalize on the increased investor interest in alternative credit and accelerate the growth of our global business,” said Manulife IM president and CEO, Paul Lorentz.
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“Many investors are looking to increase their exposure to fixed income within their portfolios by adding more sophisticated strategies within this asset class, and we are pleased to expand our offering in this space,” added Lorentz.
