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Credit Suisse’s Incubator fund aiming to find young talent

Credit Suisse Asset Management has introduced the Incubator fund, which is believed to be the first limited-issue fund of funds in the UK.

The fund will be run by its multi-manager team, headed by Gary Potter and Robert Burdett.

Incubator will offer access to investment funds which are not easily available to private investors, such as new launches, unregulated or offshore funds.

It will invest globally but is likely to have a UK bias in funds from both new and established names.

The fund, which features penguin imagery in its marketing material, is similar to CSAM’s Constellation fund, which invests in boutique funds but is able to invest in even smaller funds including unregulated products.

Incubator aims to invest in three types of target holding – unrecognised talent where a skilled fund manager’s performance has not been spotted by the market, accelerated apprenticeships where young managers with new funds are spotted early, and old hands with proven track records who have been given new money to run.

It will be available on FundsNetwork, Cofunds and Transact and has a 1 per cent discount until the end of September. The fund is capped at 75m and Potter says he would be surprised if it is not closed in a year.

Chambers Morgan James managing director Marlene Shalton says: “I have faith in Gary Potter and the team and I would personally be quite interested in the fund as a more speculative investor. It sounds like a higher-risk fund, not for the faint-hearted, but would fit well as a small portion of a diversified portfolio.

“We already use the Constellation fund for our clients and like it.”

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