Kelly Prior, Paul Green and Anthony Willis all tendered their resignations to the firm this morning, with the trio believed to be following former CSAM multi-manager co-heads Rob Burdett and Gary Potter to Thames River Capital.
“In view of the recent loss of Bill Mott and the experienced multi-managers Rob Burdett and Gary Potter, the latest departures and underwhelming appointments news from Credit Suisse really is the final straw. We have no option but to seriously consider recommending that our clients move to alternative fund of funds,” says AWD Chase De Vere research manager Justine Fearns.
“We have commenced discussions with a number of alternative providers. It’s unlikely that all the money would be moved to just one provider – the Credit Suisse FoF’s are varied and in order to try and minimise disruption to our clients portfolios in terms of risk, we may recommend different providers for different portfolios”.