Credit Suisse is planning hedge fund unit overhaul ...Qatar

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Credit Suisse is planning hedge fund unit overhaul
Credit Suisse Group AG is planning a sweeping overhaul of the hedge fund business at the centre of the Archegos Capital blow up, as the drama forces Wall Street banks to reconsider how they finance some of their most lucrative clients. The Swiss bank is weighing significant cuts to its prime brokerage arm in coming months, people familiar with the plan said. The lender has already moved to tighten financing terms with some funds, and hopes changes to the unit can allow it to forgo major cuts to other parts of the investment bank, which just had a banner quarter, the people said, asking not to be identified as the matter is private. The implosion of Bill Hwang’s family office — which has cau

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