Global TMT and Global Focus to close at CSAM

Credit Suisse Asset Management is to close its Global TMT and Global Focus funds after reviewing future intermediary appetite for such portfolios. Both funds are run by the group's New York-based equities team, which includes respective named managers of the funds Scott Lewis and Vincent McBride. Managing director at Credit Suisse Ian Chimes said at £2m and £2.1m in size, neither Global TMT nor Global Growth is widely held in the UK retail market. Existing shareholders will have the option of a free switch into another Credit Suisse fund. 'We launched both funds at the end of the bu...