Credit Suisse Is Said to Shutter Hedge Fund Stakes Unit Anteil

Credit Suisse Group AG is unwinding Anteil Capital Partners, the group it set up to take minority stakes in hedge-fund firms, according to people familiar with the matter.

The unit’s co-heads, former Stanford University endowment chief John Powers and ex-Blackstone Group LP managing director Anthony Maniscalco, are leaving the bank along with most of the team, the people said, asking not to be named because the details are private. The group was notified last week, the people said.