Sohn To Launch Hedge Fund Within Credit Suisse

Jan 5 2012 | 2:34pm ET

A top Credit Suisse banker will launch a hedge fund for the bank's clients.

Albert Sohn, head of securitized products at the firm before his moved to Credit Suisse Asset Management this month, will run the hedge fund with as many as four other employees, Bloomberg News reports. The new fund, which will debut this year, will manage money on behalf of Credit Suisse clients, and not the bank's own capital.

Sohn's move comes after a difficult year for his former division, which underwrote only two U.S. residential mortgage-backed securitizations last year. Credit Suisse shuttered its U.S. commercial mortgage-backed securitization unit in October.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of