Credit Suisse

Several high profile multi-managers are shifting portfolios towards the US at the expense of European weightings in a reversal of recent years.

The FSA has hit the UK operations of Credit Suisse with a £5.6m fine for controls and systems failings.

Credit Suisse has appointed David Norman to the newly created role of CEO of asset management for the UK and Ireland, bolstering the company's regional management team.

Credit Suisse has rebounded from large losses at the start of the year to post a better than estimated CHF 1.2bn (£580m) profit in Q2.

Stock selection will increase in importance over the next few months as the gap between the UK equity market's best and worst performing companies expands, Graham Ashby believes.

Credit Suisse retail UK equities head Graham Ashby has warned investors to limit excessive exposure to FTSE 100 or FTSE All-Share trackers, as the indices have become too exposed to the oil and mining sectors.

Credit Suisse today received FSA approval to launch its new Multi-Manager Multi Asset Growth fund to retail investors next month.

Credit Suisse has converted its £16.5m CS Worldwide Growth vehicle into the new Global Income Plus fund - to be run by Graham Ashby, Marcus Chandler and Mira Bhogaita.

Credit Suisse has announced its £78m UK Growth & Income fund will be transitioned into a new thematic-based vehicle.

The fear and uncertainty currently surrounding equity markets is leading investors to ignore vital fundamentals, Credit Suisse believes.