Credit Suisse Asset Management is set to re-organise one of its gold funds to create a Luxembourg-ba...
Credit Suisse Asset Management is set to re-organise one of its gold funds to create a Luxembourg-based global resources vehicle, which will be run by Neil Gregson. The fund will complement CSAM's recently launched suite of thematic funds. The new fund will be benchmarked to a composite index made up of a number of MSCI sub-sectors. This will comprise 50% metals and mining, 25% oil and gas, 15% paper and forestry and 10% chemicals. Gregson said: "In the late 1980s and early 1990s the gold fund was very profitable with assets of around $300m. In the last five years, however, the fund's as...
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