Resignations 'will not hurt us' - CSAM

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Credit Suisse (CSAM) has vowed its multi-manager arm will not suffer despite the resignations today of flagship fund managers Gary Potter and Robert Burdett.

However, industry experts say the departures will come as a “disappointingly bitter blow” to the firm. It is not yet known where the duo, who were put on immediate gardening leave, are heading, although IFAonline.co.uk understands it is not Psigma or Axa, contrary to industry rumours. CSAM has confirmed Scott Spencer and Kelly Prior, who both worked on the multi-manager teams under Potter and Burdett, will run the multi-manager range in the short term under the direction of head of manager selection, Ed Robertiello. The resignations have come as a blow to CSAM which, in the last 18 month...

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