Credit Suisse Spin-Off Seeks $400 Million

Mar 12 2012 | 2:47pm ET

Credit Value Partners, a new hedge fund helmed by four former Credit Suisse employees, is open for new business.

The New York-based firm spun-off from Credit Suisse's hedge fund business in 2010. The distressed debt shop hopes to raise $400 million on top of the $500 million it already manages, it said in a Securities and Exchange Commission filing.

CVP has yet to register a sale, it said. It has a $5 million minimum investment requirement and will remain open to investors for more than a year.

The firm is headed by Donald Pollard, a former managing director at Credit Suisse. Pollard's three partners are also Credit Suisse alumni, Michael Geroux, Grant Pothast and Howard Sullivan.


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With NFL season on the horizon, it’s time to take a look at our Fantasy Football value picks. Last year, we nailed it on Drew Brees, Jordan Howard, Frank Gore and Dwayne Allen. We missed pretty badly on Duke Johnson, Demaryius Thomas, Mohammed Sanu and Eli Manning.