(Read more: This could be the next big thing for hedge funds)
Another was European convertible bonds. "[They're] well positioned to benefit from increased corporate activity and have attractive event/takeover protection," Hintze said.
A third was European stocks, which CQS believes offer some bargains because of "mispriced" assets.
Hintze said he isn't too concerned with a major market downturn. "What I mean by 'black holes' is that I cannot see anything presently blowing up the markets," Hintze said.
"I sense no one else can see it either, and that in itself is a potential danger. Policy makers and central banks have, by-and-large, put in place guidance and policies to mitigate many of the systemic risks out there over the last few years."
(Read more: World's 10 top-performing markets)
On the U.S., Hintze was also bullish. "The overall picture is encouraging," he wrote. "In the US, the economic momentum continues and the longer-term fundamentals (cheap energy, self sufficiency in agriculture, positive demographics and innovation) are supportive."
Hintze's views translated into strong profits so far this year. Through November, the $2.3 billion CQS Directional Opportunities fund is up 13.5 percent—after gaining 35.9 percent in 2012.
A spokesman for CQS declined to comment.