Credit Suisse Asset Management Launches Premier Liquidity Fund
Credit Suisse Asset Management (CSAM) has launched a new investment platform – the Credit Suisse Premier Liquidity Fund. The fund offers institutional investors access to diversified deposit based returns with high levels of liquidity and is designed for corporate treasurers and other investors that desire immediate access to capital. The fund’s primary objective is preservation of capital and it aims to track seven-day deposit rates. The fund has been launched as a Luxembourg domiciled SICAV with three sub funds, with the initial opening of the euro sub fund to be followed by the US dollar and sterling sub funds in due course. The euro sub fund has been awarded an “AAAm” rating from Standard & Poor’s, the highest it accords to money market funds.