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Hit by last year's unusual correlation between equities and bonds, and in a bid to avoid higher long-term inflation, Switzerland's €45.6 billion Publica kick-starts a new strategic asset allocation that will reduce the bond allocation and result in a search for new managers.
CSAM’s passive clients aren't worried, but will still monitor Greensill situation Photo: Philipp Zinniker Stefan Beiner said PUBLICA didn’t put CSAM on watch but will keep an eye on any changes at the firm. A number of Credit Suisse Asset Management clients — none with holdings in the $10 billion of supply chain finance funds the firm said it is terminating — have no plans to make changes to their relationships with the money manager. But they'll still be watching the situation as it continues to unfold. Executives at the pension funds said the terminations, which followed difficultie...