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CSAM faces client defection to ex-employee boutique

Credit Suisse Asset Management, which has been hit by a string of manager departures in recent months, may now see nine professional investors move assets to a business set up by a trio of former executives.

Nine investors in the CSAM range of income funds have been in talks about moving their assets to Psigma Asset Management. The former lead manager of CSAM's income funds, Bill Mott, is a founding partner of Psigma, which launched in February. Mott runs Psigma's income fund, its only launch so far.

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