Hedge Funds
(Bloomberg) -- Credit Suisse Group AG expects to book a $450 million impairment on its stake in York Capital Management as the U.S. firm winds down most of its hedge-fund strategies, the latest blow for the bank after a series of setbacks this year.The charge, which could still change, will be booked in the fourth quarter in the asset management business, the Zurich-based bank said Tuesday.

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