Saturday, 25 April 2015
Last updated 21 hours ago
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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…