Credit Suisse Asset Management Funds UK is launching a fund of boutique-style funds directly marketed at IFAs and investors.
The Credit Suisse Multi Manager Constellation Portfolio aims to give investors access to talented fund managers who have left mainstream investment houses as well as smaller funds less constrained by benchmarks.
CSAM director Robert Burdett says: “With less than 40 per cent of unit trust and Oeic managers having a three year record with their fund, performance statistics are clearly less relevant. This is exaggerated in the boutiques. Constellation is our answer to how IFAs can gain positive exposure to the boutique managers.”