Saturday, 10 October 2015
Last updated 10 hours ago
May 14 2012 | 10:35am ET
Credit Suisse's asset management division has launched a hedge fund-like mutual fund, the Credit Suisse Liquid Alternative Fund.
Said Jordan Drachman, head of research for Credit Suisse Alternative Beta Strategies: "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.”
Drachman says the new fund, which offers daily liquidity, provides “a liquid alternative for accessing the risk and return characteristics of hedge funds without the structural impediments of limited partnerships."
The fund is offered in Class A and Class C shares, both with minimum initial investments of $2,500 (taxable accounts) or $500 (IRAs). The fund also offers Class I institutional shares.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…