Tuesday, 1 December 2015
Last updated 13 hours ago
Oct 13 2010 | 10:39am ET
The hire of a former hedge fund executive has signaled Credit Suisse’s return to a business it abandoned two years ago.
The Swiss bank has named David Chene a director in distressed debt trading. Credit Suisse has not had a distressed debt unit since closing it in 2008 as it sought to cut risk.
Chene joined the firm in August, Financial News reports, from Morgan Stanley, where he served as a senior structured securities trader. He joined Morgan Stanley from hedge fund DA Capital.
At Morgan Stanley, Chene has been replaced by another now-former alternative investments veteran: Michael Khouri, who returned to the bank this summer from private equity firm Mount Kellett Capital Management.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…