Investors should exit Credit Suisse FoF - Fearns

AWDChase de Vere is recommending clients move to alternative fund of funds vehicles following the sp...

AWDChase de Vere is recommending clients move to alternative fund of funds vehicles following the spate of departures from Credit Suisse. Credit Suisse lost three more members of its multi-manager team last week, Kelly Prior, Paul Green and Paul Willis, to Thames River. "In view of the recent loss of Bill Mott and the experienced multi managers Rob Burdett and Gary Potter, the latest departures and underwhelming appointments news from Credit Suisse really is the final straw,” said Justine Fearns, research manager at AWDChase de Vere. "We have commenced discussions with a number of alt...