Hedge Funds People Moves

Credit Suisse funds of funds portfolio chief leaves


Lance Babbit follows his former boss out the door.

Lance Babbit, a director in Credit Suisse’s asset management division and head portfolio manager within its funds of funds group, left the firm on February 4.

Babbit’s departure follows that of his boss, Boris Arabadjiev, the Swiss bank’s fund of funds chief who held the title until February 1, 2011. Babbit’s future plans could not be ascertained. He did not return a call seeking comment. Credit Suisse declined to comment.

Babbit joined Credit Suisse in May 2007. He managed the firm’s U.S. and Japanese multistrategy portfolios. Before joining Credit Suisse, he spent two years at fund