The company said that the new fund will provide access to hedge fund-like returns, with the flexibility of daily liquidity, increased transparency and 1099 tax reporting.
The new fund will invest in a broad range of instruments, including but not limited to, futures, commodities, exchange-traded funds, options, currencies and others.
The new fund will complement the suite of alternatives-focused mutual fund offerings available through the Asset Management division of Credit Suisse.
Credit Suisse Alternative Beta Strategies head of research Jordan Drachman said that hedge funds offer the potential to improve diversification and reduce correlation and portfolio volatility.
"For investors seeking to enhance the efficiency of their portfolios, we believe the Credit Suisse Liquid Alternative Fund may provide a liquid alternative for accessing the risk and return characteristics of hedge funds without the structural impediments of Limited Partnerships," Drachman said.
