Thursday, 27 November 2014
Last updated 15 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At Morgan Stanley, Chene has been replaced by another now-former alternative investments veteran: Michael Khouri, who returned to the bank this summer from private equity firm Mount Kellett Capital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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...