Credit Suisse eying Mesirow's $11B hedge fund unit

Credit Suisse Group AG is talking with Mesirow Financial Inc on the possibility of buying the firm's hedge fund investing unit, according to published reports.
JAN 30, 2012
Credit Suisse Group AG is talking with Mesirow Financial Inc on the possibility of buying the firm’s hedge fund investing unit, according to published reports. Discussions on the possible purchase of Mesirow Advanced Strategies Inc., the $11 billion unit that invests clients’ cash into hedge funds, are still preliminary and could fall through, insiders told The Wall Street Journal and Bloomberg. Credit Suisse itself already has about $15 billion in assets in its fund-of-funds business. Calls to Mesirow and Credit Suisse were not immediately returned. Hedge funds’ performance took their share of knocks during the economic downturn. In 2008, the HFRX Absolute Return Index, which represents the overall composition of the hedge fund universe, slid by 13.09%. Those losses have narrowed since then. Year-to-date as of Sept. 2nd, the index has only fallen by 3.47%, according to data from Hedge Fund Research Inc. of Chicago.

Latest News

Merrill pays second settlement to former Miami Dolphins player, client of ex-broker
Merrill pays second settlement to former Miami Dolphins player, client of ex-broker

Professional athletes are often targets of scam artists and are particularly vulnerable to fraud.

Schwab touts AI as its biggest growth lever at investor day
Schwab touts AI as its biggest growth lever at investor day

The brokerage giant tells Wall Street it will use artificial intelligence to reach clients it has never been able to serve — and turn the technology's perceived threat into a competitive edge.

Workers are financially drowning and retirement savings is a major red flag
Workers are financially drowning and retirement savings is a major red flag

Transamerica Institute survey reveals a stark divide between employer confidence and workers' financial reality.

SEC corporate enforcement hits multi-decade low as agency refocuses on fraud
SEC corporate enforcement hits multi-decade low as agency refocuses on fraud

Just five actions were started in the first half of fiscal 2026, a new analysis finds.

Beyond the Business: Why Advisors Must Help Owners Separate Wealth from Identity
Beyond the Business: Why Advisors Must Help Owners Separate Wealth from Identity

For business owners, the company is often more than an income source. It becomes their largest asset, their retirement plan, and in many cases, part of their identity. Advisors who understand that dynamics can deliver far greater value than traditional financial planning alone

SPONSORED Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management

SPONSORED Durability over scale: What actually defines a great advisory firm

Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline