CSAM Fofs growing rapidly

radar alert: csam multimanager range

Nine out of 11 of CSAM's multi-manager portfolios are first or second quartile and its three biggest funds are AA-rated by Standard & Poor's

Launched in August 2001, Credit Suisse Asset Management's (CSAM) multi-manager range has attracted £415m in assets under management in the past three years. According to CSAM and IMA data, the range has grown more than 12 times faster than the whole unit trust industry over the year to the end of June 2004. Gary Potter and Robert Burdett are joint heads of the CSAM multi-manager service, which is supported by some 1,400 intermediaries. Generally strong long-term results mean that nine out of 11 multi-manager funds the two run are first or second quartile, according to Lipper, while 98% o...