Board of John Hancock CQS Multi Asset Credit Fund OKs Plan to Liquidate

The board of trustees of John Hancock CQS Multi Asset Credit Fund approved a plan to close and liquidate the fund at a meeting held June 22. The board determined that continuing the fund was not in the best interests of the fund or its shareholders due to factors affecting its ability to conduct business and operations in an economically viable manner.

The fund stopped accepting new purchase orders on or about June 23, though automatic reinvestment of distributions remains permitted. On or about Sept. 30, 2026, the fund will distribute its assets pro rata to shareholders, and all outstanding shares will be redeemed and cancelled.

John Hancock CQS Multi Asset Credit Fund launched in June 2024 as John Hancock Multi Asset Credit Fund, a continuously offered, diversified closed-end interval fund advised by John Hancock Investment Management LLC. CQS (US), LLC, a Manulife-owned credit specialist, serves as subadviser. The fund changed its name to its current form in December 2024.

Net assets have shown modest movement since launch, according to the fund’s periodic filings with the U.S. Securities and Exchange Commission: $76.9 million as of October 2024, $79.2 million in January 2025, $81.8 million in July 2025, $82.9 million in October 2025, $83.8 million in January 2026, and $83.6 million as of April 2026, the most recent period reported.

The fund is part of a broader alternative credit platform between John Hancock Investment Management and Manulife | CQS Investment Management, which also includes John Hancock CQS Asset Backed Securities Fund, launched in January 2025.

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