Wednesday, 17 September 2014
Last updated 5 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At Morgan Stanley, Chene has been replaced by another now-former alternative investments veteran: Michael Khouri, who returned to the bank this summer from private equity firm Mount Kellett Capital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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The London Whale saga is a twist on the typical rogue trader story as the rogue trader recognized the error of his ways and was prepared to take his medicine but was instructed by superiors to “defe...