Credit Suisse Forms Strategic Alliance With Osprai Management

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.



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