Credit Suisse's Asset Management Division launches Credit Suisse Liquid Alternative Fund

Date: Monday, May 14, 2012
Author: Wendy Chothia, HedgeWeek

Credit Suisse's Asset Management Division has launched the Credit Suisse Liquid Alternative Fund, which seeks to offer access to hedge fund-like returns, with the flexibility of daily liquidity, increased transparency and 1099 tax reporting.

The fund complements the growing suite of alternatives-focused mutual fund offerings available through the Asset Management division of Credit Suisse.

Jordan Drachman (pictured), Head of Research for Credit Suisse Alternative Beta Strategies, says, "Hedge funds offer the potential to improve diversification and reduce correlation and portfolio volatility; however, investors needing access to capital are often constrained by hedge funds' illiquid nature, and the process for investing in offshore vehicles can be tax restrictive, lengthy and expensive. For investors seeking to enhance the efficiency of their portfolios, we believe the Credit Suisse Liquid Alternative Fund may provide a liquid alternative for accessing the risk and return characteristics of hedge funds without the structural impediments of Limited Partnerships."

Robert Alderman, Head of Retail Distribution for Credit Suisse Asset Management in the Americas, says: "We consider alternative investments to be a critical component of a well-diversified portfolio and we are proud to lead the market with investor-friendly products that fill a void for clients seeking more liquid, transparent and cost efficient access to the alternatives space.

"Credit Suisse's Asset Management division has a long history of expertise in alternatives and is one of the industry's largest hedge fund allocators and most established alternative investment solution providers. The Credit Suisse Liquid Alternative Fund is an ideal addition to our product platform."

Credit Suisse has been at the forefront of hedge fund index and replication strategy development, with over a decade of experience as well as one of the industry's largest proprietary hedge fund databases. The Credit Suisse Liquid Alternative Investment Team has been together since 2007 and includes seasoned professionals with a combined 50 years of investment and hedge fund industry experience.

The fund is offered in Class A (CSQAX) and Class C (CSQCX) shares, both with minimum initial investments of USD2,500 (taxable accounts) or USD500 (IRAs). The Fund also offers Class I (CSQIX) institutional shares.