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Credit Suisse Buys Hedging-Griffo

Dec 22, 2006

Credit Suisse announced Thursday it had agreed to buy a majority interest in Brazilian investment bank Hedging-Griffo for $294 million in cash....

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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