LONDON (Reuters) – Credit Suisse (CSGN.VX: Quote, Profile, Research) is merging its hedge fund businesses to tighten management control and improve efficiency, said the head of the project, which is attracting attention and possible imitators in the industry.
The revamp is part of the Swiss bank’s “One Bank” strategy to combine its different business divisions, which was unveiled last December and is scheduled for completion next year.
Ramon Koss said much of the work has already been done to integrate Credit Suisse First Boston’s Hedge Fund Investments group in New York and its Alternative Investments and Mutual Funds Unit in Zurich.
