Credit Suisse gets approval for its fund of funds service

Credit Suisse Asset Management has received FSA approval to launch its fund of funds service and enter what is becoming a highly competitive area of the market, writes Robert Stock. The launch, which will take place within the next few weeks, will initially be at a discount and follows Jupiter's recent launch into the market with a fund of funds service managed by John Chatfeild-Roberts and his team. The Credit Suisse offering, which is to be run by Gary Potter and Robert Burdett, the managers poached from Rothschild Asset Management, is, Investment Week understands, to be based on a ra...