CSFB Acquires Equity Options Specialist

NEW YORK (HedgeWorld.com)--Credit Suisse First Boston purchased an equity options specialist, Volaris Advisors, which it will fold into its private client services unit.

Volaris devises equity overlay strategies, assists with stock over concentration and creates structure securities for large investors. Volaris' approach works best with investors holding longer-term equity positions, not with those who do a lot of trading, said Karlheinz Muhr, chairman and co-founder of the company.

Terms of the deal, which is subject to regulatory approval, were not disclosed.

Volaris will give advice to high-net-worth investors, foundations, endowments and other CSFB clients on addressing market volatility as it relates to equity holding, according to a CSFB statement.

PBarr@HedgeWorld.com

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