Credit Suisse’s Defensive Multi-Asset Fund Sees New Setup, Enters New Trades

Credit Suisse’s defensive multi-asset fund, Hedging The Cycle, has refined its investment approach this year, making more strategic allocations across derivatives as a way to exploit convexity. Didier Anthamatten, multi-asset portfolio manager at the bank, has been working on these developments since he joined from Unigestion in September. “The fund is becoming much more tactical, trying to find convexity in new underlyings, new products and new strategies,” he said. Before these changes were made, the fund would focus in the equity space more on directional, delta-one instruments similar to other traditional defensive funds.