Credit Suisse hires senior alts portfolio manager

Lance Babbit was named director and senior portfolio manager at Credit Suisse, confirmed spokeswoman Suzanne Fleming. The position was created to help expand the multimanager business within the company’s alternative investment group. Mr. Babbit was a managing director and senior portfolio manager at Focus Investment Group, where he worked on the firm’s multistrategy and customized portfolios. Violetta Bagdasarova, the firm’s controller, could not be reached for details on Mr. Babbit’s replacement.