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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.”


Standard Life highlighting male cancer rates

Standard Life is releasing its claims statistics for testicular and prostate cancer to raise awareness of the diseases. Testicular cancer is the most common form of cancer for men and accounted for 23 per cent of all male cancer claims at Standard Life in 2004. The insurer paid out 1.5m on 17 claims, with one […]

IFAP releases loan IFA listing

IFA Promotion is releasing a mortgage IFA media services supplement listing mortgage IFAs who also offer independent investment and protec- tion advice. The aim is to raise awareness among consumers that an independent mortgage adviser may not necessarily be offering independent advice for other financial products.

Dry run planned for Hips in 2006

Home information packs took one more step to becoming a reality as industry bodies agreed with the ODPM on a dry run, to be carried out next year. Approval has also been given to the diploma in home inspection. The partnership is also look- ing at a not-for-profit certification scheme to oversee the standards of […]

NDF growth plan aims for 8.25 per cent a year

NDF administration has launched its growth plan tracker product for July 05.The plan has an investment term of 6 years and is linked to the FTSE 100 index and the Dow Jones EuroStoxx index. The product provides a capital guarantee providing the indices do not fall by more than 50 per cent but it aims […]

Tax avoidance (the fight goes on)

In recent times, we have witnessed high-profile celebrities and sports stars make the headlines for potential tax liabilities on ‘failed’ tax avoidance schemes. We are now used to reading about these individuals, but what about those who advise on such schemes? Read more


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