Thursday, 25 August 2016
Last updated 1 hour ago
May 27 2011 | 12:05pm ET
Credit Suisse may launch a line of hedge fund exchange-trader funds, its top ETF executive suggested.
Dan Draper said the bank was considering a line of hedge fund strategy ETFs to complement its existing ETF lineup.
"We have a long hedge fund history in our asset management business," he told Reuters this week. "Therefore, hedge fund ETFs could be an interesting addition to our product range."
It is unclear what form any Credit Suisse hedge fund ETF would take. But the bank does have a set of indices close to hand, as Dow Jones Indexes' collaborator on the widely-followed Dow Jones Credit Suisse hedge fund indices.