Money Managers

Credit Suisse is courting investors to raise as much as $2bn for a fund that will buy stakes in hedge-fund firms, according to two people with knowledge of the matter.

Goldman Sachs has created a partnership to provide cash management services for money managers who may no longer be able to keep their cash at large banks.

Big money managers led by Fidelity Investments are close to launching a private trading venue designed to let them buy and sell large blocks of stock without the involvement of Wall Street firms and high-speed traders, according to people familiar with the matter.