Michael Hintze, Baron Hintze, AM, is a renowned Australian-British businessman and philanthropist based in the United Kingdom. He is best known for his founding of CQS Asset Management, one of the world’s leading credit market players, with assets under management reported at $11 billion.
In this article, we’ll take a closer look at Michael Hintze net worth, early life, career and much more.
|Sir Michael Hintze
|27 July 1953
|70 (as of 2023)
|Dorothy Elaine Krauklis
|Two sons and two daughters
|$3.2 Billion (as of 2023)
|Source of Wealth:
Businessman, Philanthropist, Founder of CQS, a global mult-strategy asset management firm
What is Michael Hintze Net Worth 2023?
According to the Sunday Times 2019 Rich List, Hintze’s net worth is £1.5 billion, an increase of £120 million from 2018. In the 2016 Forbes magazine list of The World’s Billionaires, he was the world’s 1,011th richest person, with a net worth of approximately US$1.8 billion. As of 2023, He has a net worth estimated at $3.2 billion.
Michael Hintze Salary
There is no publicly available information about Michael Hintze’s salary.
Michael Hintze Wiki
Born on July 27, 1953, in the Chinese city of Harbin, Michael Hintze is the son of refugee parents who fled from Russia after the 1917 Bolshevik revolution. Hintze’s parents later moved to Australia after Mao Zedong and the Chinese Communist Party came into power.
Raised by his mother in Sydney, Hintze attended St Leo’s College, Wahroonga, before studying at the University of Sydney, where he obtained a BSc degree in physics in 1975 and a BE degree in engineering in 1977, residing at St John’s College and working as a tutor at Sancta Sophia College.
He also holds an MSc degree in Acoustics from the University of New South Wales, an MBA degree from Harvard Business School, an Honorary Doctorate of Business from the University of New South Wales, and a DEng (honoris causa) from the University of Sydney.
Michael Hintze Age, Height, and Weight
Michael Hintze was 70 years old as of 2023. There is no publicly available information about his height and weight.
Michael Hintze Parents
Michael Hintze’s grandparents fled from Russia after the 1917 Bolshevik revolution, and his refugee parents later moved to Australia after Mao Zedong and the Chinese Communist Party came into power.
Michael Hintze Career and Awards
Michael Hintze, an Australian-British businessman and philanthropist, is renowned for his significant contributions to the financial sector.
After working as an electrical design engineer for Civil and Civic Pty Ltd. in Australia, Hintze moved to New York to train in financial services. He worked for Salomon Brothers as a fixed-income trader and at Credit Suisse First Boston before relocating to London with them.
He then joined Goldman Sachs, where his ultimate position was as co-head of the UK Shares Product. He left the firm in 1995.
In 1999, he launched his own asset management firm CQS, which has been described as one of the world’s leading credit market players, with assets under management reported at $11 billion. Hintze was ranked No. 5 on Financial News’ FN100 Most Influential list in the hedge fund category.
Hintze’s CQS Directional Opportunities Fund was ranked #3 on Bloomberg’s list of the 100 top-performing large hedge funds for 2012.
In 2013, CQS received awards for the Best Hedge Fund Manager Overall, Best Hedge Fund Manager in Credit, and Best Multi-Hedge Fund Manager at the Financial News Awards for Excellence in Institutional Hedge Fund Management.
CQS was reported to be on the opposite side of the infamous JPMorgan trade by Bruno Iksil, nicknamed “the London Whale,” in which JPMorgan lost an estimated $2 billion. The total gains by CQS are unknown.
In 2018, it was reported that CQS’s main fund increased by 30%. In a March 2018 article published in Barron’s, Hintze stated that “every crisis is a trading opportunity.
In December 2019, Barrons reported that the roughly $19 billion fund is taking the view that next year will bring more investment opportunities among distressed companies, meaning those that are in default, restructuring, or at risk of either event.
Their calls on two specific sectors—malls and the energy sector—are especially notable because they are contrarian.” In April 2020, Bloomberg reported that Michael Hintze’s main fund was said to face at least a 30% drop in a quarter.
In July 1984, Hintze married Dorothy Krauklis, a United States citizen whom he met at Harvard; they have four children.
Michael Hintze News 2023
- January 2023: Hintze’s company, CQS, launches a new fund focused on investing in the energy transition.
- February 2023: Hintze donates £10 million to the University of Oxford to establish a new research center on climate change.
- March 2023: Hintze’s company, CQS, is fined £7.5 million by the UK Financial Conduct Authority for failing to properly manage conflicts of interest.
- April 2023: Hintze’s company, CQS, is sued by a group of investors who allege that the fund made false and misleading statements about its performance.
- May 2023: Hintze’s company, CQS, announces that it will be closing its flagship fund due to poor performance.
- June 2023: Hintze steps down as CEO of CQS but remains as chairman.
- July 2023: Hintze’s company, CQS, is fined £5 million by the US Securities and Exchange Commission for misleading investors about its performance.
- August 2023: Hintze’s company, CQS, announces that it will be returning money to investors.
FAQs about Michael Hintze
What is CQS?
CQS is a global investment management firm that specializes in various investment strategies, including credit, macro, and quantitative investments. Founded by Michael Hintze in 1999, the firm has grown to become a prominent player in the financial industry.
Is Michael Hintze involved in philanthropy?
Yes, Michael Hintze is known for his philanthropic activities. He has made significant contributions to various causes, including education, the arts, and healthcare. He founded the Hintze Family Charitable Foundation, which supports various charitable initiatives around the world.
What is Michael Hintze’s approach to philanthropy?
Michael Hintze’s philanthropic approach focuses on a wide range of causes, including education, medical research, cultural heritage, and veterans’ support. He is committed to making a positive impact on society through his charitable endeavors.
Michael Hintze’s journey through the realm of finance and philanthropy is underscored by his substantial net worth, which serves as a testament to his strategic acumen and commitment to creating positive change. His rise from humble beginnings to becoming a prominent figure in the global financial landscape reflects not only his astute investment decisions but also his dedication to fostering innovation and progress. Thank you for reading.