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.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...