Credit Suisse's Asset Management Division Releases the Q1 2011 Edition of the Asset Management Alternatives Quarterly

NEW YORK, Feb. 16, 2011 /PRNewswire/ -- Credit Suisse today announced the release of the first quarter 2011 edition of the "Asset Management Alternatives Quarterly(1)," a thought leadership series offering investors authoritative insight on economic trends and capital markets around the world.

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With perspectives spanning a wide spectrum of asset classes and investment styles, the Q1 2011 edition features articles by Stefan Keitel, Managing Director and Global Chief Investment Officer at Credit Suisse for Asset Management and the Private Bank, as well as contributions from Credit Suisse Asset Management's leading alternatives portfolio managers.

In his yearly outlook, Mr. Keitel says that "favorable macroeconomic and fundamental factors point to a mostly positive risk/reward ratio for 2011. However, the moderate reacceleration of the world economy, the still attractive valuations of risky assets in general—and equity markets in particular—the strong corporate sector, and the continuation of accommodative policies by developed nations' central banks might be disrupted by episodic bursts of heightened risk aversion."

Other key themes covered in the Q1 2011 issue include:

• Distressed credit managers anticipate that the continued deleveraging of bank balance sheets globally will likely be a prominent area of focus in 2011, especially in the Eurozone.

• There may be an acceleration of global M&A in 2011, with increased cross-border activity enlarging the opportunity set. An abundance of capital-rich buyers and unwilling sellers may result in a special focus on strategic transactions and hostile situations.  

• Macroeconomic divergence between developed economies and emerging markets may lead to relative value trading opportunities in 2011.

• Fundamentals should generally improve for commodities in 2011. The structural shift in demand from developed economies to emerging markets is expected to support the asset class over the long term.

• Private equity investment activity more than doubled in both the US and Europe from 2009 to 2010, driven partly by the improved lending environment and record high-yield bond and leveraged-loan volumes.

Credit Suisse AG

Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 50,100 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

Asset Management

In its Asset Management business, Credit Suisse offers products across a broad spectrum of investment classes, including hedge funds, credit, index, real estate, commodities and private equity products, as well as multi-asset class solutions, which include equities and fixed income products. Credit Suisse's Asset Management business manages portfolios, mutual funds and other investment vehicles for a broad spectrum of clients ranging from governments, institutions and corporations to private individuals. With offices focused on asset management in 19 countries, Credit Suisse's Asset Management business is operated as a globally integrated network to deliver the bank's best investment ideas and capabilities to clients around the world.

All businesses of Credit Suisse are subject to distinct regulatory requirements; certain products and services may not be available in all jurisdictions or to all client types.

Credit Suisse Asset Management, LLC.

Disclaimer

This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any person to buy or sell any security. Any reference to past performance is not necessarily a guide to the future. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.

Copyright © 2011, CREDIT SUISSE GROUP AG and/or its affiliates.  All rights reserved.

(1) The Asset Management Alternatives Quarterly was formerly known as the Asset Management Tactical Quarterly.

SOURCE Credit Suisse AG