View more on these topics

Shareholders approve CSAM MM changes

Shareholders in Credit Suisse’s multi-manager funds have given their approval for the group to consolidate its range and introduce a multi-asset diversified fund.

Last month the group announced it planned to streamline its multi-manager range following poor take of its regional funds.

Fund managers Graham Duce and Aidan Kearney are set to merge the European, North American and Japanese multi-manager funds into its international portfolio, while the Asia Pacific fund will be rolled into the emerging markets fund after the four consolidated vehicles attracted only £75m since their launch in August 2001.

The team is also planning to relaunch its £15m global bond portfolio as a multi-manager diversified fund, which will also include exposure to hedge funds and property.

Credit Suisse co-head of multi-manager Graham Duce says: “In today’s markets where equities have enjoyed a consistent bull run and we’ve seen volatility on the increase, we believe that now is the time to be launching a multi-asset class investment fund. Our fund is poised to handle future market changes by having the ability to diversify by exploiting investment opportunities across those asset classes. For investors it also provides competitive and steady income and exposure to additional investment expertise at Credit Suisse.”


Premier critical of league tables

Premier Fund Managers is warning against buying funds of funds on the basis of sector rankings and says there is a case for banning performance tables.

Capita launches modular website builder for IFAs

Capita Enabler has launched a web service for advisers who want to create their own tailor-made and e-commerce-enabled web presence. The initiative is called ‘Modular Website’, the new package is a cost effective way for an intermediary to develop and maintain its own website. It uses a simple online editing tool, the template based structure […]

Protection business slumps in price war

Highclere Financial Services partner Alan Lakey is concerned over the slump in protection sales in the first half of this year.He has voiced concerns about a possible widening of the protection gap as insurers’ interim results reveal widespread falls in protection business.Standard Life saw sales fall by 50 per cent and Prudential’s business was down […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm