Asset Management

Top Credit Suisse investor Harris Associates cuts stake following capital raise

US asset manager holds just under 5% of Credit Suisse shares, down from 10% in mid-2022

David Herro, chief investment officer of international equities at Harris Associates, told Financial News the asset manager currently holds just under 5% of Credit Suisse shares
David Herro, chief investment officer of international equities at Harris Associates, told Financial News the asset manager currently holds just under 5% of Credit Suisse shares Photo: Federico Bernini/Getty Images

US investor Harris Associates has reduced its stake in Credit Suisse to around half of its holding six months ago.

Once a top-three shareholder in the Swiss lender, Harris Associates now owns less than 3%, according to an 11 January regulatory filing on the Swiss Stock Exchange. This is down from its ownership of around 10% of the bank's stock as recently as June.

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