Credit Suisse fund to buy into boutique offerings

Credit Suisse Asset Management is to launch a fund of boutique-style funds called Constellation to be run by Gary Potter and Robert Burdett. Each fund invested in will be 'boutique by company or by nature' and the portfolio is to be a collection of star fund managers selected on a purer bottom up basis than other fund of funds offerings which, the group argues, are to a large extent asset allocation led. Constellation aims to give intermediaries access to a diversified basket of new talent and managers that have left mainstream investment houses as well as exposure to small, agile fund...