Lance Babbit Joins Credit Suisse’s Multi-Manager Portfolios team in Asset Management
Credit Suisse further strengthens Hedge Fund Multi-Manager Portfolios team.
Credit Suisse recently announced the appointment of Lance Babbit as a Director and a Senior Portfolio Manager in the Multi-Manager Portfolios (MMP) business within Alternative Investments.
Mr. Robertiello, Head of Multi Manager Portfolios said, “We are very pleased to have Lance joining the team. He brings a wealth of experience to this role, and his expertise will be beneficial as we continue to expand our platform.”
Mr. Babbit said, “I am delighted to join Credit Suisse. Credit Suisse has a strong Multi-Manager Portfolios platform, and I look forward to working with Ed and the team to further strengthen this global franchise.”
Mr. Babbit has joined Credit Suisse from the Focus Investment Group where he was a Managing Director and the senior Portfolio Manager for their Multi-Strategies and Customized Solutions Portfolios, and was also a member of the Manager Selection and Portfolio Construction Committee. Prior to joining Focus in 2005, he spent four years at Deutsche Bank as a Senior Portfolio manager responsible for both multi-strategy funds of hedge funds and research for Event Driven and Short Seller managers. Mr. Babbit has also worked at Banc of America in hedge fund capital introductions, and as a hedge fund analyst at both JP Morgan Chase and Weiss, Peck and Greer. Prior to his career in fund of hedge funds, he was a corporate attorney for Gersten, Savage where he advised on bankruptcy, public offerings and private placements.
Credit Suisse’s Multi-Manager Portfolio business has approximately US$20 billion in assets and 75 professionals operating from its offices in New York, Zurich, London, Singapore and Hong Kong. With teams located around the world, MMP is responsible for constructing and monitoring fund of funds, including both hedge funds and traditional long-only funds.
Mr. Babbit is based in New York and reports to Ed Robertiello.
* Suzanne Fleming, Corporate Communications, Tel. +1 212 325 7396
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