Credit Suisse launches equity L/S fund
Credit Suisse Asset Management has launched a new equity long short offering, the Multi-Advisor Equity Alpha Fund.
The fund’s investment strategy is based on the premise that high conviction trades tend to generate higher levels of alpha.
The fund will base its portfolio allocation on the decisions of six external managers specialised in different regions and sectors.
These selected external managers will report their biggest positions on a daily basis to Credit Suisse, which will subsequently select ten biggest and most liquid long and short positions respectively.
The fund will be part of the Credit Suisse Asset Management Alternative Fund Solutions division, which currently manages USD10bn (€9bn) on behalf of retail and institutional investors.