UK - Credit Suisse has launched two liability driven investment (LDI) funds to improve the funding position of defined benefit pension (DB) schemes and offer some protection of the future liabilities.
The Credit Suisse Diversified Growth LDI Fund and Credit Suisse Target Return LDI Fund have been designed to use growth assets with a swaps portfolio to provide inflation or interest rate protection, while generating alpha above the cost of funding the swap.
Paul Bourdon, managing director and head of the european pensions solutions group at Credit Suisse Asset Management, said: “These Funds are designed to offer small and medium schemes the opportunity to participate in alpha generating solutions within a risk aware environment – maximising the efficiency with which assets are invested”.
In a separate development, Credit Suisse has appointed Vipin Ahuja as director to its equity team.
Ahuja has been appointed as a portfolio manager specialising in the global energy sector, reporting to Neil Gregson, head of emerging markets equities.
Ahuja joined from HSBC where he was a senior oil and gas analyst.
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Dutch custodian KAS Bank has created a fintech solution to help schemes save on costs and improve transparency of currency hedging strategies.
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