Credit Suisse Moves Exec. To Direct U.S. Money To Asian Hedge Funds

Aug 7 2012 | 1:06am ET

Credit Suisse’s prime brokerage is shaking up its Asian capital introduction effort to tap into the pipeline of American money flowing east.

The bank has moved Ben Happ, who had been head of capital services in Asia, to Boston. In his new post, Happ will focus on introducing North American investors to international hedge funds.

“With the vast majority of capital flows into Asian hedge funds coming from North America, combined with the fact that these investors remain underweight Asia, we’ve decided to move a senior member of the Asia team to the U.S.,” Myo Schollum, head of prime services in Asia, told Bloomberg News.

“Today there’s a greater diversity by both geography and type of investors in Asian hedge funds,” Happ said. “Many of those investors are well outside of the traditional financial centers of New York and Chicago.”

In Happ’s place, the Swiss bank has promoted Deborah Lee. Lee joined Credit Suisse from Goldman Sachs two-and-a-half years ago. At Goldman, she was a member of the Hong Kong-based cap. intro. team.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note