Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:CSAM to Merge Four Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, December 18, 2002

CSAM to Merge Four Funds

by: Sean Hanna, Editor in Chief

Credit Suisse Asset Management is putting its fund lineup on a diet as part of a global reorganization. The firm plans to cut its offerings by four and offer 24 funds rather than the 28 it offers today, according to Dow Jones Newswire.

CSAM will merge the four funds into existing offerings, rather than liquidate them, according to the report. Yesterday, the firm announced a global reorganization. In November, it let go 600 employees as part of an effort to cut costs.

The merged funds include:

  • Strategic Value Fund ($180 million into Large Cap Value Fund ($150 million)
  • International Fund ($11 million) into International Focus Fund ($230 million)
  • European Equity Fund ($11 million) into International Focus Fund ($230 million)
  • Global Health Sciences Fund ($43 million) into Global Post-Venture Capital Fund ($55 million)

    The firm is also focus Global Financial Services Fund on the institutional market by raising the minimum investment to $10,000 from $2,500.

    Laurence Smith, global chief investment officer explained that the decision to reduce the number of funds was made as part of an effort to simplify CSAM's product line and focus it "on a fewer number" of products.

    Linda Moore, director of product management and marketing told the news service that the sector funds are being eliminated because the firm believes it will not be able to build assets in that niche. One remaining sector fund -- Global Technology Fund -- has a strong enough track record to keep open, it believes. 

    Stay ahead of the news ... Sign up for our email alerts now
    CLICK HERE

  • 0.0
     Do You Recommend This Story?



    GO TO: MFWire
    Return to Top
     News Archives
    2025: Q4Q3Q2Q1
    2024: Q4Q3Q2Q1
    2023: Q4Q3Q2Q1
    2022: Q4Q3Q2Q1
    2021: Q4Q3Q2Q1
    2020: Q4Q3Q2Q1
    2019: Q4Q3Q2Q1
    2018: Q4Q3Q2Q1
    2017: Q4Q3Q2Q1
    2016: Q4Q3Q2Q1
    2015: Q4Q3Q2Q1
    2014: Q4Q3Q2Q1
    2013: Q4Q3Q2Q1
    2012: Q4Q3Q2Q1
    2011: Q4Q3Q2Q1
    2010: Q4Q3Q2Q1
    2009: Q4Q3Q2Q1
    2008: Q4Q3Q2Q1
    2007: Q4Q3Q2Q1
    2006: Q4Q3Q2Q1
    2005: Q4Q3Q2Q1
    2004: Q4Q3Q2Q1
    2003: Q4Q3Q2Q1
    2002: Q4Q3Q2Q1
     Subscribe via RSS:
    Raw XML
    Add to My Yahoo!
    follow us in feedly


    1. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
    2. WE PNW - Mentorship Program Virtual Session: Building Trust to Win New Business and Influence Others, September 23
    3. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
    4. IMEA Portfolio Construction Roundtable, September 24
    5. Nicsa webinar - Utilizing AI to Enhance Distribution & Advisor Engagement, September 24
    6. IMEA Models Roundtable, September 25
    7. Expect Miracles Atlantic Coast Classic 2025, September 29
    8. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
    9. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
    10. 10th annual Fuse Forum, October 8
    11. MFDF webinar - Essential Strategies in Board Oversight of Operational Risk Management, October 14
    12. MFDF webinar - Series Trust Funds - Effective Board Relationships with Advisers, October 15
    13. 2025 MMI Annual Conference, Oct 15-17
    14. Samfund Soiree Manhattan 2025, October 23
    15. Tiburon CEO Summit XLIX, Oct 27-29
    16. 2025 Sohn San Francisco Investment Conference, October 28
    17. Schwab Impact 2025, Nov 2-4
    18. UCITS & AIFMD for U.S. Managers 2025, Nov 4-5
    19. MFDF In Focus webinar - Audit Committee Chair, November 5
    20. 2025 Nicsa Asset & Wealth Management Summit, Nov 11-12
    21. MFDF webinar - Mutual Fund CCO Compensations: The MPI Annual Survey Update, November 13
    22. ALFI Roadshow to Houston, November 13
    23. MFDF 2026 Directors' Institute, January 26 - 28, 2026
    24. MFDF 2026 Fund Governance & Regulatory Insights Conference, March 5 - 6, 2026




    ©All rights reserved to InvestmentWires, Inc. 1997-2025
    14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
    Privacy Policy :: Terms of Use