Credit Suisse outlines MAG line-up

Group receives approval to convert Incubator fund and will move it into Balanced Managed sector

Credit Suisse has received shareholder approval to convert its Multi-Manager Incubator fund into a multi-asset vehicle and will move it from the Active to Balanced Managed sector. The £10m fund, renamed Multi-Asset Growth, will differ from the group's first multi-asset offering, Distribution, as it will not be yield-centric. Aidan Kearney and Graham Duce, co-heads of the multi-manager range, have been reducing positions in the Incubator fund that are not suitable for the revised remit. They will introduce equity funds, fixed interest and alternative assets in the coming weeks from ...