Credit Suisse has announced the launch of Credit Suisse Solutions (Lux) Prima Multi-Strategy fund, a UCITS III compliant multi-strategy fund of funds which invests its assets across a range of alternative investment strategies. The fund is expected to commence operations with initial subscriptions in excess of €100 million.

The CS Prima Multi-Strategy fund allocates assets across multiple strategies in the liquid UCITS compliant universe. It targets attractive risk adjusted returns through active portfolio management and may invest in various alternative investment strategies including: Equities, Event Driven, Convertibles, Macro, Credit, Managed Futures, Fixed Income, Emerging Markets Equities and Rates. The fund is domiciled in Luxembourg and will be passported into other countries over the next several months. The fund is open to both institutional and retail investors and offers weekly liquidity.

Boris Arabadjiev, Head of Credit Suisse’s fund of hedge fund management unit, said: “By leveraging Credit Suisse’s institutional investment process and due diligence practices, we believe we can offer investors a compelling multi-strategy product that provides attractive risk adjusted returns through a UCITS III compliant vehicle.”