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CSAM to consolidate multi-manager range

Credit Suisse is to revamp its multi-manager range with new managers Graham Duce and Aidan Kearney doing away with the group’s regional fund strategy.

The group has informed shareholders of plans to merge the £24m European, £31m North American and £9m Japanese portfolios into its international fund while also merging its £11m Asia-Pacific fund into the £9m emerging markets fund.

The team is also planning to relaunch its £15m global bond portfolio as a multi-asset diverisified fund, an area which Duce and colleague Rob Bowie specialised upon prior to taking on the multi-manager range back in March.

The portfolio, which is currently in use on the private banking side, looks to offer a yield in excess of 5 per cent, with the managers selecting funds based on its three silos of core, satellite and plus (tactical) holdings.

Should shareholders approve, the changes will be enforced by the end of August.

Read more in this week’s Money Marketing.


Clarkson Hill considers wrap and links with Enterprise for sub-prime

The Clarkson Hill Group has completed its risk assessment strategy for the business, moving the status from funds under influence to funds under management.Clarkson Hill says this should improve their risk status and professional indemnity insurance premiums will come down as a result.Director of strategy and development Bill Moncrieff says the first stage of segmentation […]

Gov makes medical check-ups for employees tax-free

Health screenings and medical check-ups for employees will be exempt from taxation as of August 14th.The Government has amended income tax regulations, which required employees to declare health screenings and medical check-ups as a ‘benefit in kind’ and pay income tax on them.But soon, if performed as an arrangement between employer and employee, medicals will […]

Bank of Ireland launches offshore bond

Bank of Ireland Offshore has launched a global growth bond in conjunction with Bristol & West International.Based on the Isle of Man, the short term bond aims to benefit from the growth potential of four major global stock market indices, FTSE 100, Nikkei 225, DJ EuroStoxx50 and S&P 500, with a potential return of 28 […]

FSA continues its focus on adviser clawback debts

The FSA has warned it will continue to monitor firms with provider clawback debts after finishing its thematic work which resulted in 11 firms being asked to take remedial action.The FSA announced at Money Marketing Live last Autumn that it was collecting information from providers on adviser firms with large clawback debts. The work has […]

The Investment Clock: Keep calm and Macron!

Trevor Greetham, Head of Multi Asset In a marked contrast to the surge in risk sentiment that followed President Trump’s election in November, markets greeted Emmanuel Macron’s victory in the French presidential election with satisfaction and relief, rather than euphoria. After rallying strongly on opinion polls that accurately predicted the outcome, the euro held onto […]


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