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Credit Suisse to integrate funds

Credit Suisse Asset Management is to integrate its own retail funds fully with those of Sun Life Financial of Canada Asset Management, which it acquired last December.

The range will be branded under CSAM&#39s name and expanded to include an additional five funds – SLCAM&#39s extra income, UK growth & income, worldwide growth, managed assets and smaller companies funds.

SLCAM&#39s Leigh Harrison, Crispin Finn and Phil True will join Credit Suisse&#39s UK equity desk while Adam Holmes joins the European team.

Harrison will manage the extra-income fund, growth & income fund and growth fund and co-manage the new managed assets fund alongside Finn.

Finn will also be responsible for the smaller companies fund and the UK small-cap opportunities fund.

True will continue managing institutional money, as he did at SLCAM.

The new managed assets fund aims to offer a balanced approach combining long-term capital growth and income by investing in fixedinterest securities around the world.

Existing CSAM manager John Praveen will take the reins of the worldwide growth fund which will invest in equities on a global basis.

CSAM managing director Ian Chimes says: “The move towards integration allows to us to expand our range of funds for IFAs particularly in the managed funds sector which is becoming more sought after. What we are offering for the first time is a one-stop shop for IFAs in terms of worldwide managed funds.”

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