Mott takes on Credit Suisse fund

Bill Mott, head of UK equities at Credit Suisse Asset Management, is returning to day-to-day fund management for the first time in three years following the departure of Dominic Wallington. Mott is taking over the group's Monthly Income Portfolio and Income funds previously run by Wallington, who is moving to INVESCO. Mott moved away from the day-to-day management of Credit Suisse's UK funds in 1997, and has been focusing on providing the macro-economic framework for the UK team. He will be looking to refocus the income funds towards areas of the market which he sees as undervalued. He...