Fund launches & closures

CSAM adds life to insurance portfolio

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Credit Suisse Asset Management's alternative investments group is adding a new life insurance-related strategy to its burgeoning suite of insurance-linked hedge funds.

The new launch will take the firm into the life area with a dedicated strategy for the first time, having thus far concentrated on the catastrophe and general insurance risk sector with a trio of funds and associated managed accounts that collectively run some $1.2 billion in assets.

It will further increase the firm's presence in a sector that is increasingly attracting attention from investors and from other major hedge fund groups - offering high capacity, decent liquidity,