Fund launches & closures Wrappers / Structures

Credit Suisse enters UCITS FOHF space with $130m launch

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Credit Suisse has launched a UCITS III compliant multi-strategy fund of funds with some $130 million day one investments, making it one of the largest UCITS III funds of funds launches so far.

The fund has one anchor investors and a number of further day one investors taking the launch total to $130, but Boris Arabadjiev, head of Credit Suisse’s fund of hedge fund management unit believes that the product has the potential to be twice this in two to three months.

Arabadjiev sees the intermediaries whose own end clients may be retail as a sector that will