The recently assigned multimanager team at global investment group Credit Suisse plans to launch a Multi Asset Distribution Fund aimed at producing more competitive yields. This move follows a strategic review of all the Credit Suisse Multi-Manager Funds.

"We propose an enhancement to the investment parameters to allow investment in a wider range of assets, including equities, property and alternative investments to enable us to produce a very competitive and consistent yield on the new fund," said Graham Duce, co-head of the Credit Suisse Multi-Manager team, which was formed only three months ago. "The main investment objective of the new fund will be to achieve income, and we will be aiming to generate a quarterly yield payment for investors."

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