Credit Suisse offers new fixed-interest class

Crédit Suisse is offering a Luxembourg-domiciled euro class for its fixed-interest absolute return fund. The Defined Return fund aims to return six-month European Libor +2.5%, through a diversified mix of securities ranging from cash and Treasuries to high yield, emerging market bonds and convertibles. Rather than pursue a traditional bell-curve asset spread, focusing mostly on securities that match the target volatility of the whole fund, lead manager Jana Benesova-Tuma prefers a bar-bell approach, with heavy emphasis on both high-risk and low risk assets, with little in between. T...