Manulife Investment Management, the wealth and asset manager for Manulife Financial Corporation, today completed the acquisition of CQS with the approval by the UK FCA and is launching Manulife | CQS Investment Management as a wholly owned multi-sector alternative credit boutique.

President and CEO Paul Lorentz commented that with CQS, MIM „is well-positioned to capitalize on the increased investor interest in alternative credit“.

Soraya Chabarek, CEO of CQS, sees „Manulife IM as the ideal home for CQS, and this step marks the start of an exciting new chapter (…) for our credit platform.“

She will stay on as the CEO for CQS, along with the CIOs for Credit and ABS (Craig Scordellis and Jason Walker).

In the last few years we have seen a growing appetite for traditional asset managers to bring in teams or new groups to focus on private markets and alternative credit, to offer new solutions and to differentiate themselves, as margin are getting smaller for traditional public investments.

Manulife last month announced the close of $752 million Manulife Capital Partners VII, L.P.

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