Credit Suisse closes Target Return fund

Credit Suisse is to close its £8m Target Return fund just four years after it was launched, subject t...

Credit Suisse is to close its £8m Target Return fund just four years after it was launched, subject to FSA approval. The group said the fund size meant it had become uneconomical to run and it does not expect further inflows. Managers Dilip Rasgotra and John de Garis will continue at Credit Suisse running a number of other fixed income mandates.