Mergers & Acquisitions / Joint Ventures

Credit Suisse, Man create managed account platform


Man Investments and Credit Suisse have launched a managed accounts joint venture in response to demands for transparency, liquidity and control. Despite estimates that the economics for building a do-it-yourself managed accounts platform works with $500 million under management, some big name banks - thought to include UBS, JP Morgan and Credit Suisse - are understood to have concluded that the break even point is much higher.

Until now, most of the bank-owned managed account platforms have been built as the basis for the structured product business, and one of the previous criticisms has been that the liquidity