CS merges regional funds into single vehicle

Credit Suisse's multi-manager team is stepping into the gap to merge regional vehicles with single International Growth fund

The Credit Suisse multi-manager team is merging regional vehicles into the International Growth fund as intermediaries are unwiling to allocate assets geographically. Graham Duce, co-head of the team alongside Aidan Kearney, said IFAs are increasingly happy to leave geographical calls to FoF managers, and merging the £24m European, £9m Japan and £31m North America fund into the global vehicle will add value. Combined assets for the International fund will be £71m. The £11m Asia Pacific vehicle will also be merged into the £9m Emerging Markets portfolio The team also announced the convers...