Michael Hintze, the founder of one of London's largest hedge funds, has told investor clients of his $11bn firm that cyber threats are among his five key business concerns.
In a move that surprised some clients at a recent conference hosted by the founder and owner of CQS, Hintze said that security against external attack is one of a handful of worries that "keep me awake at night".
Three of the other four are investment-related, while the fifth is the potential for an escalation in territorial disputes in the South China Sea.
Hintze cited recent costly attacks on Sony, but spoke prior to news of attacks on US defence manufacturer Lockheed Martin.
The diversified investment manager suggested that fund managers should not be asleep to the possibility of being targeted.
"It is no longer about guys messing around in a dorm room, and as managers of businesses you have to be cautious," he said.
CQS is well known for the strength of its systems and internal processes, and Hintze's comments came as a surprise to some delegates at the conference.
One, who wished to remain anonymous, said: "The investment themes he mentioned did not come as much of a shock, but cyber threats being on his mind was interesting, and that hedge fund managers are thinking that way."
The delegate added that hedge fund managers might store information on markets, their strategies, and even trading program code that would all be of use to a rival, or investors more generally.
Hintze explained that fund managers could actually benefit from raised awareness levels of cyber security threats among business leaders by investing in security companies.
He cited network security vendor Check Point as one company that is active in helping corporations defend against cyber threats, and therefore being of potential interest to him as an investment.
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