CQS, one of Europe's best-known hedge funds, has taken on the mantle of a long-term and engaged shareholder at AB Volvo.

It has submitted proposals to next month's annual general meeting seeking to simplify the Swedish automotive group's share structure. It is the second consecutive year that CQS has forwarded resolutions. Volvo has two classes of shares, like many Swedish companies, and CQS is proposing to merge them.