Credit Suisse shuts down hedge fund prime brokerage services following Archegos losses Submitted 04/11/2021 - 11:36am Credit Suisse is shutting down most of its hedge fund prime brokerage services following significant losses incurred as a result of Archegos Capital Management’s collapse earlier this year. The Switzerland-headquartered group’s investment banking division will exit most of its Prime Services operations from January 2022, cutting the investment bank division’s capital by some USD3 billion, or 25 per cent, with some CHF3 billion redeployed to its wealth management operations.