Credit Suisse Asset Management (CSAM) is offering a 0% initial charging on its Multi-Manager funds o...
Credit Suisse Asset Management (CSAM) is offering a 0% initial charging on its Multi-Manager funds of funds, while paying commission of 1%. The offer, which marks the second anniversary of the portfolios, closes when £100m has been sold or on 28 November 2003. CSAM's standard terms of 4% initial charge and 3% commission remain available during this period. The funds are managed by joint heads of multi-manager services Gary Potter and Robert Burdett. Ian Chimes, managing director of CSAM Funds UK, noted nine of the firm's 11 Multi-Manager funds have outperformed their IMA sector average and five of 11 are top quartile since launch.
‘Important to have an anchor’
Lack of innovation for solutions
Some 2,000 consumers affected
Achievements, charity work and other happy snippets