Cutting the hedge ?
Bloomberg News reports that Credit Suisse has been reorganizing its prime brokerage unit, cutting some jobs while hiring selectively.
This week, the Swiss bank pruned another seven positions from the New York desk that caters to hedge funds, according to a person familiar with the matter who requested anonymity.
Tony Bertoldo and Justin Carey are among the senior bankers who are said to be affected by the cuts, the person said. Others affected include Philippe Hatstadt and Ralane Bonn, the person said. It isn’t yet clear if the seven will leave or find another position at the bank.
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