CS Opts for Rest of Hedging-Griffo

Credit Suisse Group plans to buy the remaining 50% it doesn’t own in Brazilian asset manager Hedging-Griffo, according to an official at Hedging-Griffo. The Swiss bank paid BRL635m for a 50% plus one share stake in 2006, and had the option to buy the rest by the end of this year. The Credit Suisse Hedging-Griffo name will remain the same, with the asset management retaining decision-making autonomy within the company. Founding partner Luis Stuhlberger will remain at the company.