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

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

Rating:CSAM Files for Absolute Return Fund Not Rated 2.3 Email Routing List Email & Route  Print Print
Friday, August 20, 2004

CSAM Files for Absolute Return Fund

by: Theresa Sim

Credit Suisse Asset Management filed to launch a new fixed income fund targeted towards medium to long-term investors who want a riskier, and higher-return product than money market funds.

The Credit Suisse Target Return Fund seeks to have an absolute return of 200 basis points on top of the U.S. dollar London Interbank Offered Rate (LIBOR). Managers will invest at least 80 percent of net assets in fixed income securities, officials stated in the filing.

The average modified duration of the fund's investments will be from zero to four years. Modified duration is the ratio for one plus a security's yield divided by the duration of that security.

The U.K.-based Credit Suisse Target Return Team -- Dilip Rasgotra, Winifred Robbins, Jana Benesova-Tuma, John de Garis, Craig Ruch and Ahmed Talhaoui -- will manage the fund on a day-to-day basis.

That same team already manages a separate account similar to the Target Return Fund.

Officials did not indicate total operating expenses, but 12b-1 fees will be 25 basis points on Class A shares and 100 basis points on Class C shares. The fund's management fee will be 70 basis points.

The fund requires a minimum initial investment of $2,500. 

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

2.3
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
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




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use