Credit Suisse Eyes Fund Of Funds Rock Creek (FinAlternatives) Credit Suisse Group is poised to buy fund of hedge funds Rock Creek Group. The two sides are in advanced talks and a deal could come within 10 days, AR magazine reports. A deal for Rock Creek would give Credit Suisse a substantial institutional fund of funds business. The Swiss bank's current fund of funds business, which has about $10 billion in assets under management, specializes in high-net worth clients, especially those who already patronize Credit Suisse's private bank. U. Michigan Adds Hedge Fund Golub To Portfolio (FinAlternatives) The University of Michigan's endowment has invested $25 million in hedge fund Golub Capital. The initial investment in Golub's Premium Earnings Adjustable Rate Loans (Pearls) Direct Lending Program "will further balance the university's investment pool for working capital risk exposures and enhance returns by decreasing exposure to movements in interest rates and increasing exposures to corporate credit and investment manager value added," Timothy Slottow, chief investment officer of the $6.6 billion pension, said in an internal memo.