Assets in Credit Suisse Asset Management's multi-manager offering have grown over 12 times faster than assets in other funds in the sector.
According to statistics from the Investment Management Association, the £415m growth of the CSAM constellation port-folio over three years is 12 times faster than the average asset growth of other funds in the sector.
The fund, which Standard & Poor's ranks fourth out of 349 funds in the global growth sector, has been recommended by about 1,400 intermediaries.
Multi-manager service joint head Gary Potter says the service researches and actively manages portfolios by country, sector, style and fund management group.
Since its launch in Aug-ust 2001, the fund has held nine out of 11 funds in the first or second quartile. CSAM says two-thirds of the funds in the multi-manager are below average risk.
Managing director Ian Chimes says: “The growth of the fund is also evidence that the industry as a whole is now recognising the important role of multimanager products within portfolios.”
Anthony Willis has been appointed to the CSAM multi-manager research team. Willis is an economics graduate who has wor-ked for the last three years leading the multi-manager fund operations team.