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Credit Suisse set to raise commission to 4 per cent

Credit Suisse Asset Management is raising the commission on its multi-manager range from 3 per cent to 4 per cent until the end of January 2006.

The company’s multi-manager team of six is led by Gary Potter and Robert Burdett who moved from Rothschild in 2001. From a standing start, they have accrued funds of over 833m in four years, although this includes the purchase and integration of Artemis’ fund of funds range in March this year.

The team’s most recent launch was the 75m-capped incubator fund in August, designed to take significant stakes in smaller funds and boutique start-up portfolios.

IFAs can take all 4 per cent as commission or rebate it to clients to reduce the initial charge. The offer will also be available through major fund supermarkets, including Cofunds and FundsNetwork.

CSAM sales director Mark Thomas says: “We are delig- hted to be able to offer this added flexibility as part of our ongoing commitment to intermediaries and investors acr- oss the UK. This offer gives increased choice to intermediaries allowing them to take control of charges.”

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