Credit Suisse Starts Hedge Fund Financing Unit, Hires Goldwasser

Aug 17 2010 | 11:58am ET

Credit Suisse has brought back Lesley Goldwasser to run a new unit seeking to provide long-term financing for hedge funds.

Goldwasser, who spent a dozen years apiece at Credit Suisse and Bear Stearns before joining hedge fund Irving Place Capital in 2008, will head the Swiss bank’s new hedge fund strategic services division. The group will oversee Credit Suisse’s existing hedge fund advisory, account management and capital services businesses, and will also seek to offer longer-term financing through equity and debt offerings from hedge fund clients.

“We see these conversations ultimately converging strategically as we work to help hedge funds be less dependent on prime brokers,” Philip Vasan, Credit Suisse’s head of prime services, told Bloomberg News. “The traditional prime broker possibly sees this as cannibalizing business, but we want to get ahead of the dialogue by exploring the path now.”


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

The Life Settlement: Yield For The Investor And Cash For The Consumer

Mar 31 2015 | 6:48am ET

Investors are languishing in a yield-starved, low-interest rate environment, looking...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note