Tag Archives: credit suisse group
Credit Suisse in Preliminary Talks to Buy Mesirow Fund of Funds
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 […]
Credit Suisse Said to Hire BNP’s Randolph for Fund-Linked Sales
Bloomberg – Credit Suisse Group AG, the largest Swiss bank by market value, hired Trevor Randolph from BNP Paribas Securities as a senior sales executive for its fund- linked products unit, a person familiar with the matter said. Randolph, 36, […]
Halfway There: New Hedge Fund Research From Credit Suisse/Tremont
HedgeCo.net (West Palm Beach) – Credit Suisse Tremont Index LLC released a new research piece, 1H 2009 Hedge Fund Update: Halfway There, a review of how hedge funds have repositioned themselves in the first half of 2009 to generate positive […]
Goldman Sachs Boosts Risk-Taking at Fastest Pace on Wall Street
Bloomberg – Goldman Sachs Group Inc., unbowed by the securities industry’s worst year since the Great Depression, increased its trading bets at the fastest rate on Wall Street. Goldman Sachs’s so-called value-at-risk, the amount the New York-based bank estimates it […]
UBS Names Former Finance Minister Villiger Chairman
Bloomberg – UBS AG, Switzerland’s largest bank, nominated former Finance Minister Kaspar Villiger as chairman of its board of directors, replacing Peter Kurer after one year amid a probe into whether it helped wealthy Americans evade taxes. Kurer’s departure comes […]
Pallotta’s Slow Start Shows Waning Investor Appetite for Risk
Bloomberg – James Pallotta and Christopher Pia, hedge-fund managers who recently struck out on their own, are discovering just how much the global financial crisis is reducing investors’ appetite for risk. Pallotta, who split from Tudor Investment Corp. last month, […]
Myojo Plans Tech-Stock Hedge Fund as Firm Rebuilds After Rout
Bloomberg – Myojo Asset Management Japan Co., whose assets shrank 86 percent in 2008, plans a new fund focused on global technology stocks as the firm rebuilds after the hedge fund industry’s worst year on record. Noriya Nishi, a former technology […]
Bank Safdie Dodges Madoff Loss, Predicts More Hedge Fund Rules
Bloomberg – Banque Safdie SA, the Geneva-based wealth manager that withdrew money invested with Bernard Madoff three years before his alleged Ponzi scheme unraveled, said the scandal will mean more hedge fund regulation. “What Madoff has done is highlight the […]
