Credit Suisse Fund Management has selected RiskSystem to provide daily risk reporting and investment restriction monitoring for the Luxembourg domiciled Credit Suisse (LUX) Absolute Return Bond Fund.
The CS Absolute Return Bond Fund is a USD500 million global fixed-income fund that seeks to achieve positive absolute returns, regardless of credit and interest-rate cycles, while adhering to a stringent management process.
Max Gnesi, director of Credit Suisse, says: “Credit Suisse had a specific requirement for an independent third-party risk-management provider. We are very happy to partner with RiskSystem and to use their engine and expertise to assist us in monitoring and managing the risks of our Absolute Return Bond Fund.”
Peter Cripwell (pictured), CEO of RiskSystem, says: “We are very excited to be partnering and working closely with such a prestigious fund manager as Credit Suisse. By utilising RiskSystem’s core UCITS product, Credit Suisse will be better able to manage their fund with more timely and accurate information. In addition the investors in the fund can take comfort from the fact that a truly independent service provider is monitoring the risk of the fund on an ongoing basis.”
