Credit Suisse is launching a new fund called Triamant, which it says “combines the advantages of professional asset management with those of...

Credit Suisse is launching a new fund called Triamant, which it says “combines the advantages of professional asset management with those of an investment fund by providing an actively managed asset allocation, broad diversification, transparent reporting and access to alternative investments”. The Zurich-based bank said that it wants to open up the fund to a broader private client market and a minimum investment of just SFr1,000 ($833.7) is required. Credit Suisse says Triamant is a variation on the traditional investment fund theme. A fund manager selects the funds that are the best fit for the client's investment strategy from a universe of over 3,000 investment funds. “The investors thus participate in pooled fund assets that are actively managed like a discretionary portfolio management mandate,” said Credit Suisse in a statement on the launch of the new product. The fund's assets are invested worldwide in traditional instruments like money market paper, bonds and equities, as well as in alternative investments. Triamant is available in three investment profiles—income oriented, balanced and capital gains oriented—in Swiss francs and euros. A commission of 2 per cent is charged and a management fee of 1.5 per cent per year also applies.