Wednesday, 22 October 2014
Last updated 7 min ago
Sep 14 2006 | 12:00am ET
Credit Suisse has joined forces with hedge fund Ospraie Management, forming a strategic alliance that is the latest in a string of agreements and alliances that the investment bank hopes can jump-start its alternative investment business.
The deal with Ospraie includes an investment in the New York-based firm, and is designed to give CS greater access to the commodity and basic industry markets.
In recent months, CS has teamed up with Switzerland’s Glencore, the Abu Dhabi Future Energy Company and China Renaissance Capital to expand its global alternatives business. It is also targeting Latin America, as well as focusing on private equity.
The firm is reportedly in talks to acquire Brazil’s Hedging-Griffo.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...