Credit Suisse Asset Management (CSAM) is the institutional and mutual fund asset management arm of Credit Suisse First Boston, which is itself part of the Credit Suisse Group.CSAM was formed in 1997 as a result of a 17-way merger of boutique asset managers and the consolidation of asset management functions vested in other Credit Suisse group business units. In 2002, it became part of CSFB.
CSAM focuses on institutional investment funds and private client investors, providing investment products and portfolio advice from five investment centres - London, New York, Tokyo, Sydney and Zurich.
CSAM, together with Pershing (which handles clearing and settlements business) and Private Client Services make up the Financial Services Division of CSFB. With pound sterling306.9bn (June 2002) in assets under management and 2,262 staff worldwide, CSAM has investment capabilities in all major asset classes, including equities, fixed income, balanced products and alternative investments.
Like other fund managers CSAM has been hiring research analysts in 2002, in the wake of widespread doubts about the quality of analysis offered by investment banks.
The firm says its investment process is based on four broad strategies involving analysis and research, portfolio construction and management, client relationship management and product control and risk management.
Within the research arena, CSAM aims for a flexible approach using both a centralised effort focusing on firms with a large market capitalisation in developed share markets, and a decentralised effort in product areas covering other markets. …