Bloomberg – Credit Suisse Group AG held preliminary talks with Chicago-based Mesirow Financial Holdings Inc. about buying its $11 billion business that invests clients’ cash in hedge funds, according to two people familiar with the discussions.
Credit Suisse, based in Zurich, already manages almost $15 billion in its hedge fund of funds unit.
The talks are in the early stages and could fall through, the people said. Officials for both Credit Suisse and Mesirow declined to comment. The talks were first reported in Alternative Investment News.