Credit Suisse Raises US$1.3B For Brazilian Hedge Fund

Aug 23 2013 | 5:18am ET

Credit Suisse’s Brazilian hedge fund joint-venture has raised more than US$1 billion for its maiden vehicle.

Peninsula Investimentos, a partnership between the Swiss bank and 16 executives, netted 3.25 billion reais (US$1.3 billion) for the Peninsula Hedge Master Fundo de Investimento Multimercado, it said in a filing with Brazilian regulators. The fund launched in December and is now closed to new investments.

Through this week, the fund is up 7.14% on the year.

The fund will invest exclusively in liquid assets, including stocks, bonds and futures.

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