Credit Suisse Group raised $420 million for a new investment fund focused on Mexico, as Switzerland’s second-largest bank taps clients in an economy forecast to grow twice as fast as Brazil’s, the good people at Bloomberg tell us.
The Credit Suisse Mexico Credit Opportunities Trust raised
the money from institutional investors, including some of Mexico’s largest
pension funds, Zurich-based Credit Suisse said in an e-mailed statement. The
fund, managed by Andres Borrego, will be listed on the Mexican stock exchange,
said Suzanne Fleming, a New York-based spokeswoman.
The fund seeks “to capture opportunities presented by
structural inefficiencies in the Mexican credit market through investments in a
diversified portfolio of alternative assets with debt-like characteristics,”
the bank said in the statement. Targets include debt instruments such as loans
and bonds, Fleming said….
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