Adjacent competency is something Hintze talks a lot about, where CQS can apply its expertise in related areas.
That's helped make CQS one of the top 20 hedge funds in Europe.
So it's recently moved into asset-backed securities, launching the CQS ABS fund.
And the way CQS is growing, Hintze will be making a lot more money--and writing a lot more checks to his favorite charities.
None of those quotes led to a trade and that traffic by itself took the NYSE to 25% of its stable CQS capacity, according to Hunsader.
FORBES: Is Another Flash Crash Inevitable By Year's End And Will It Be Triggered On Purpose?
It seems that whenever the NYSE receives more than 20, 000 quotes per second, its CQS feed, which determines where many equity orders get routed, falls behind.
FORBES: Is Another Flash Crash Inevitable By Year's End And Will It Be Triggered On Purpose?
Called the CQS Rig Finance Fund, it's the world's first fund that invests in bonds sold by companies--many of them Norwegian--to build and upgrade offshore oil rigs.
Todd Morley of G2 Investment group, who co-founded Guggenheim Partners hedge fund, and Michael Hintze, a City of London veteran and CEO of the CQS hedge fund.
When the NYSE gets deluged, Hunsader says, their quote feed to the Consolidated Quote System (CQS), which is used as part of the National Best Bid and Offer (NBBO) system, gets delayed.
FORBES: Is Another Flash Crash Inevitable By Year's End And Will It Be Triggered On Purpose?
Friends say he, and CQS' 160-member staff, are good at integrating many fields of activity--politics, financial flows, central bank strategies, commodity prices and so on--into a snapshot and then acting very quickly.
Canyon Partners LLC, a money manager founded by bond experts from the former "junk"-bond shop Drexel Burnham Lambert, and CQS, a London hedge-fund firm founded by U.K. millionaire Michael Hintze, recently launched new investment funds to take advantage of bargains in distressed mortgage debt.
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