NEW YORK, May 10, 2012 /PRNewswire/ -- Credit Suisse's Asset Management Division announced the launch of the Credit Suisse Liquid Alternative Fund. This innovative product seeks to offer access to hedge fund-like returns, with the flexibility of daily liquidity, increased transparency and 1099 tax reporting. The fund complements the growing suite of alternatives-focused mutual fund offerings available through the Asset Management division of Credit Suisse.
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Jordan Drachman, Head of Research for Credit Suisse Alternative Beta Strategies, said, "Hedge funds offer the potential to improve diversification and reduce correlation and portfolio volatility; however, investors needing access to capital are often constrained by hedge funds' illiquid nature, and the process for investing in offshore vehicles can be tax restrictive, lengthy and expensive." Drachman continued, "For investors seeking to enhance the efficiency of their portfolios, we believe the Credit Suisse Liquid Alternative Fund may provide a liquid alternative for accessing the risk and return characteristics of hedge funds without the structural impediments of Limited Partnerships."
Robert Alderman, Head of Retail Distribution for Credit Suisse Asset Management in the Americas, added, "We consider alternative investments to be a critical component of a well-diversified portfolio and we are proud to lead the market with investor-friendly products that fill a void for clients seeking more liquid, transparent and cost efficient access to the alternatives space." Alderman went on to say, "Credit Suisse's Asset Management division has a long history of expertise in alternatives and is one of the industry's largest hedge fund allocators and most established alternative investment solution providers. The Credit Suisse Liquid Alternative Fund is an ideal addition to our product platform."
Credit Suisse has been at the forefront of hedge fund index and replication strategy development, with over a decade of experience as well as one of the industry's largest proprietary hedge fund databases. The Credit Suisse Liquid Alternative Investment Team has been together since 2007 and includes seasoned professionals with a combined 50 years of investment and hedge fund industry experience.
The Fund is offered in Class A (CSQAX) and Class C (CSQCX) shares, both with minimum initial investments of $2,500 (taxable accounts) or $500 (IRAs). The Fund also offers Class I (CSQIX) institutional shares.
For more information on the Credit Suisse suite of alternative mutual fund offerings, please visit www.credit-suisse.com/us/funds.
The fund may not suitable for all investors.
Credit Suisse AG
Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 48,700 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
In its Asset Management business, Credit Suisse offers products across a broad spectrum of investment classes, including hedge funds, credit, index, real estate, commodities and private equity products, as well as multi-asset class solutions, which include equities and fixed income products. Credit Suisse's Asset Management business manages portfolios, mutual funds and other investment vehicles for a broad spectrum of clients ranging from governments, institutions and corporations to private individuals. With offices focused on asset management in 19 countries, Credit Suisse's Asset Management business is operated as a globally integrated network to deliver the bank's best investment ideas and capabilities to clients around the world.
All businesses of Credit Suisse are subject to distinct regulatory requirements; certain products and services may not be available in all jurisdictions or to all client types.
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RISK CONSIDERATIONS: All investments involve some level of risk. Simply defined, risk is the possibility that you will lose money or not make money. Before you invest, please make sure you understand the risks that apply to the fund.