Credit Suisse is to close its poor performing Target Return Bond fund, which is run by its fixed income team, headed by Dilip Rasgotra.
The fund had been languishing for some time and is ranked 48th out of 51 funds listed in the IMA Global Bonds sector over one year, having provided negative returns of 16.8pc (bid-to-bid, according to...
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected