Citywire Selector - For Professional Investors

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Credit Suisse to close two thematic funds

Credit Suisse to close two thematic funds

Credit Suisse will remove two thematic funds from its product range, the Swiss firm has announced.

The Credit Suisse (Lux) Global Energy Winners Equity Fund was managed by Thomas Amrein, who is now in charge of the newly launched CS (Lux) Global Digital Health Equity Fund together with Christian Schmid.

According to the September factsheet the Energy Winners fund had $59 million in assets under management.

Its aim was to invest in energy production, transportation, transmission, distribution, and conservation, as well as suppliers of goods and services to the sector.

The strategy is set to be liquidated in December and will transfer 85% of its assets to Credit Suisse (Lux) Infrastructure fund that is managed by Werner Richli and Anna Väänänen.

Another thematic fund that will be liquidated shortly is Global Biotech Innovators Equity Fund. The strategy was also managed by Amrein and the majority of its assets will be transferred to the new digital healthcare fund.

The biotech fund had $166 million under management in the end of September, and invests in biotechnology, life sciences tools and services, pharmaceuticals, health care equipment, and healthcare technology.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire Luxembourg Forum

    Citywire Luxembourg Forum

  • Citywire DACH 2017

    Citywire DACH 2017

  • Citywire Italy 2017

    Citywire Italy 2017

  • Citywire Berlin 2017

    Citywire Berlin 2017

  • Citywire Miami 2017

    Citywire Miami 2017

  • Citywire Professional Buyer

    Citywire Professional Buyer

  • Citywire Madrid 2017

    Citywire Madrid 2017

  • Citywire Switzerland Retreat 2017

    Citywire Switzerland Retreat 2017

  • Citywire Amsterdam 2017

    Citywire Amsterdam 2017

  • Citywire Frankfurt 2017

    Citywire Frankfurt 2017

  • Citywire Alternative Ucits Retreat 2017

    Citywire Alternative Ucits Retreat 2017

  • Citywire Paris 2017

    Citywire Paris 2017

  • Citywire Milan 2017

    Citywire Milan 2017

  • Citywire Deutschland 2017

    Citywire Deutschland 2017

  • Citywire DACH 2017

    Citywire DACH 2017

  • Citywire Italy 2016

    Citywire Italy 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Alt Ucits 2016

    Citywire Alt Ucits 2016