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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.”


L&G doubles Isa market share

Legal & General doubled its share of the Isa market in the first quarter of the year after sales rocketed to £168.2m from £115.5m in the same period in 2001.The boost meant that L&G&#39s market share shot up by more than 110 per cent – of the sales of Investment Management Association members – to […]

First State launches survey of IFA polarisation attitudes

Australian fund manager First State Investments and fund analysts Standard & Poor&#39s have launched a survey aimed at discovering what IFAs think about the FSA&#39s depolarisation proposals. The study will look at whether the UK saving public can be convinced to recognise financial advice as a professional service which should be paid for by fees, […]

Selestia Life & Pensions – Selestia Investment Bond

Monday, 20 May 2002 Type: Unit-linked bond Aim: Growth by investing in funds from 30 fund management companies Minimum investment: Lump sum £5,000 Fund links: 182 funds from Aberdeen Unit Trust Managers, ABN Amro, Artemis Unit Trust Managers, Baring Fund Managers, Britannic Asset Management, Close Fund Management, Credit Suisse Asset Management, Deutsche Asset Management, Dresdner […]

ABI sets up wide-ranging review of HIV guidelines

The ABI is launching a consultation on its guidelines for how members deal with HIV and life insurance.The current guidelines have been in force since 1994. Since then, there have been major strides in the treatment of HIV.The major focus of the review is likely to be the issue of doctor/patient confidentiality. In many other […]

‘How to…audit your auto-enrolment scheme compliance’

Avoid pension penalties with our auto-enrolment checklist

According to the Pensions Regulator’s annual commentary and analysis report released this month, 785 potential non-compliance cases were referred for investigation, with 23 auto-enrolment compliance notices issued. And they predict that the use of their statutory powers is only going to increase.


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