Fund Management
What's New In Investments, Funds? Credit Suisse, Lombard Odier

The latest in funds and investments across the UK, Europe, Middle East and Africa.
Credit Suisse, Lombard Odier
A pair of Swiss wealth management big names, Lombard
Odier Investment Managers and Credit
Suisse Asset Management, are merging funds, switching control
of a global equity strategy that targets luxury goods and
services.
LOIM will take over the strategy and it will launch what is
called LO Funds – Global Prestige on 26 June. The €236 million
($279.6 million) Credit Suisse (Lux) Global Prestige Equity Fund
will subsequently transfer into this new fund. Juan Mendoza will
join Lombard Odier as a senior portfolio manager to run the fund,
with effect from the same date.
The fund will be run in the same way as it has since
2009.
Global Prestige will be invested in a concentrated portfolio of
30 to 40 stocks of companies with the ability to generate
sustainable excess economic returns with strong market positions,
high pricing power and promising growth prospects. The fund will
aim to deliver maximum capital appreciation by offering investors
the opportunity to benefit from structural long-term growth
trends such as emerging consumers, millennials spending and other
consumer-related trends.