It has been a year to forget for many of UK's big-name hedge fund managers. Not so for Sir Michael Hintze, who finds himself comfortably in double-digit gain territory after a strong August.

Hintze's $2.7 billion CQS Directional Opportunities fund made 4.7% during the month, bringing returns for the year to August 31 to 18.3%, according to performance data seen by FN.