CSAM gets private bank help


A new suite of single manager funds that New York-based Credit Suisse Asset Management is poised to roll out as part of an initiative by new head of alternative investments, Jack di Maio, has been given a major boost from the Credit Suisse Private Bank which will distribute the products.

The funds will also be sold to the hedge fund investor community, but much of the capacity of the new funds is likely to be swallowed up by the private banking network, which is showing increasing interest in single manager products.

The first product to be launched later this year