March 22, 2013 / 8:15 PM / in 5 years

BlackRock hires Credit Suisse exec to bolster hedge fund unit

March 22 (Reuters) - BlackRock, the world’s largest money manager, hired Andy Stewart, the head of one of Credit Suisse’s hedge fund units, to bolster its own alternatives business.

Stewart will co-head New York-based BlackRock’s hedge fund and private equity division alongside current leader Matt Botein, who will take on the additional title of chief investment officer for alternatives, the firm said in a memo on Friday.

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