Sunday, 24 May 2015
Last updated 1 day ago
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.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…