Credit Suisse Asset Management, LLC, (the “Registrant” and together with its affiliates “Credit Suisse” or “CS”) is an indirect wholly owned subsidiary of Credit Suisse Group AG, a publicly- owned foreign bank holding company based in Switzerland. The Registrant was organized in 1999, and managed on a discretionary and non-discretionary basis approximately $71.47 billion and $5 million, respectively, of client assets as of December 31, 2018.

The Registrant’s portfolio management teams provide discretionary and non-discretionary investment advice to various types of clients, including: (i) U.S. registered and foreign investment companies; (ii) private investment funds that may be organized as limited partnerships, limited liability companies, or similar investment vehicles (“Investment Vehicles” or “Funds”); and (iii) separately managed accounts for various types of clients, including public and private pension plans, corporations, not for profits, insurance companies, high net worth individuals, and other business entities. The Registrant does not provide tax services, including any form of tax advice.

The Registrant’s portfolio management teams employ different strategies in providing investment advice depending on the type of client and strategy employed. The Registrant may offer advice on a variety of investments, including investments in hedge funds, private placements, venture and post-venture capital companies, commodities, futures, options, debt securities issued by foreign governments, foreign governmental agencies and supranational organizations, debt securities issued by U.S. and non-U.S. corporations, debt securities issued by U.S. municipalities, securitizations, U.S. equities, emerging markets equities, international equities, run-off property and casualty business, and private equity investments. All investment advisory personnel devote 100% of their time to providing or supporting the provision of investment advice.

The Registrant’s investment strategies may be offered to investors and clients through various channels. Some investment strategies may be sold through affiliates of the Registrant, including Credit Suisse Securities (USA) LLC (“CSSU”). Other investment strategies may be offered through third-party platforms or placement agents, while portfolio management and investment advice is provided by the Registrant. Potential investors should assess the arrangement between the Registrant and the third-party platform or consultant when considering whether to invest in a strategy offered by the Registrant, as the fees payable by the investor and the potential conflicts of interest with the Registrant and its affiliates may vary depending on the particular arrangement. For additional information concerning fees payable by the Registrant’s clients and the interests of the Registrant and its affiliates in client transactions, see Items 5 and 10 below. For additional information about brokerage arrangements, see Item 12 below. Some of the Investment Vehicles advised by the Registrant pursue their investment objectives by investing directly in securities or other assets. Others are funds-of-funds that pursue their investment objectives by investing in one or more other Investment Vehicles or separate accounts (“Participating Funds”) which, in turn, purchase securities or other assets. Subject to the requirements of applicable law and the consent of each client, the Registrant may invest client assets in Participating Funds managed by the Registrant or its affiliates. The management and control of each Investment Vehicle is vested exclusively in its general partner, investment manager or other similar managing entity (each, a “General Partner”), which may be the Registrant or one of its affiliates. An investment opportunity may involve a Fund or other client investing in a company (a “Portfolio Company”). Except as expressly provided otherwise in the applicable partnership agreement or investment management agreement, any investment in one class or series of securities of a Portfolio Company pursuant to any investment opportunity shall be made by the Fund or other client directly or through a single investment vehicle, and all clients shall participate in such investment on the same terms. However, to the extent necessary or desirable to address accounting, tax or regulatory considerations, any such investment may be made in one class or series of securities of a Portfolio Company pursuant to a single investment opportunity in part as a Fund or other client investment, and in part as a parallel investment or in whole or in any part as an investment directly by the client and/or through one or more Funds or other investment vehicles. If such alternative investment vehicles are used to make an investment, the interests of a limited partner, member or similar investor (each, a “Limited Partner”) in such vehicle will generally be structured in such a manner that would be reasonably expected to preserve in all material respects the overall economic relationship of the Limited Partners.

The following is a description of the strategies employed by the Registrant’s various portfolio management teams:
Quantitative Investment Strategies (“QIS”)
QIS is a provider of liquid alternative and factor-based investing benchmarks and solutions. QIS launched the CS Hedge Fund Index in 1999, and established the development of rules-based, multi-asset alternative risk premia investing with the introduction of its CS Liquid Alternative Beta program in 2007. The group employs a rigorous, research-based investment process to manage both benchmark relative and absolute return investment strategies. The liquid alternative beta strategy seeks to approximate the aggregate returns, before fees and expenses, of the universe of hedge funds, as represented by the CS Hedge Fund Index, by investing all, or substantially all, assets primarily in securities and financial instruments that are liquid.

Also included within the QIS program are single strategy alternative investment exposures, such as a trend based multi-asset class managed futures strategy. The managed futures strategy is a systematic trend following strategy diversified across the following global markets: Equities, Fixed Income, Foreign Exchange and Commodities. The strategy uses 16 moving average cross- over signals (from shorter term to longer term signals) to determine whether to take a long or short position in each market. The strategy aims to take approximately an equal amount of risk in each contract over a longer time horizon and is traded on a daily basis. QIS also publishes this strategy as indices, at different volatility levels. Additionally, QIS employs a multialternative strategy which is a process-driven strategy with an absolute return objective taking diversified long and short exposures across a range of global asset classes to efficiently capture a broad set of risk premia and trading opportunities. The strategy seeks to dynamically allocate resources to produce an efficient, risk-balanced, portfolio and shares performance drivers with alternative investment styles historically offering diversification benefits to traditional portfolios. Clients in the QIS program may enter into total return swaps (“QIS Swaps”) with an affiliate of the Registrant, for either hedging or speculative purposes. For additional information concerning the interests of the Registrant and its affiliates in client transactions, see Items 10 and 11 below. QIS Swaps may reference a portfolio (the “Reference Portfolio”) comprised exclusively of Credit Suisse proprietary indices (the “Reference Indices”). The affiliate manages QIS Swaps on behalf of clients, including the flow of periodic payments by a client under the QIS Swap. QIS also manages the composition of Reference Indices in a Reference Portfolio, including the initial selection of References Indices, any additions, substitutions and removals thereto, as well as any rebalancing of the weighting of the Reference Indices.

Credit Investments Group (“CIG”)
CIG specializes in the management of portfolios of leveraged loans (first and second lien senior secured loans), high-yield bonds, municipal bonds and special situations (collateralized loan obligations (“CLOs”) equity, mezzanine debt and securitizations) in credit markets across a broad spectrum of products, including CLOs, separate accounts, registered investment companies and other commingled vehicles.

Within its Enhanced Total Commodity Return Strategy, the Registrant’s Commodities portfolio management team follows an enhanced index investment approach employing the use of futures, structured notes or swaps to gain the bulk of the exposure to the commodities markets while primarily identifying inefficiencies (i) in the benchmark index construction process or (ii) between contracts of differing maturities of the same underlying commodity. The team believes that this approach offers an efficient way to gain indexed commodities exposure with a low tracking risk, therefore adding value compared to the benchmark. The platform, therefore, provides efficient commodities exposure through the creation and management of a commodity- linked derivatives portfolio tailored to the appropriate benchmark to meet specific needs. The Commodities team manages the underlying cash collateral in a conservative investment strategy designed to provide exposure to high quality, short duration fixed income instruments. The cash portfolio generally contains U.S. Treasury or U.S. agency debt. The portfolio’s duration is generally less than one year. Within its ACCESS Total Commodity Return Strategy, the portfolio management team takes an active approach to commodity investing. This strategy is a multi-factor approach that uses research based on economic intuition and historical analysis combined with qualitative research into the commodity markets with the goal of actively outperforming the underlying index. The strategy maintains the team’s pure play approach to commodity investing and seeks to avoid any unintended risk through the addition of duration, interest or credit risk into the portfolio. The cash portfolio generally contains U.S. Treasury or U.S. agency debt. The portfolio’s duration is generally less than one year. The Risk Parity Total Commodity Return Strategy seeks to provide exposure to a risk-adjusted commodity strategy using commodity futures. Target exposures are determined by attempting to equalize risk contribution, first at the commodity level within a sector and then across sectors. Additionally, the strategy seeks to add value over the stated benchmark through management of the futures roll and term structure selection. The cash portfolio generally contains U.S. Treasury or U.S. agency debt. The portfolio’s duration is generally less than one year.
Quantitative Trading (“QT”)

QT seeks to deliver uncorrelated, low volatility, returns with limited drawdowns. QT seeks to achieve this objective by developing and deploying systematic data-driven investment strategies. QT personnel formulate hypothesis about the drivers of asset returns and apply a rigorous scientific approach to design, develop, implement and manage strategies around these hypothesis. At a high level, the trading strategies can be classified as follows:

• Systematic Strategies – These capitalize on opportunities that are identified through quantitative analysis of a wide array of historical data. Portfolios are optimized to balance Sharpe Ratio, return, and trading costs. Trades are executed algorithmically.
• Market Liquidity Strategies – These react to real-time demand for securities by providing liquidity to offset such short-term demand. They use appropriate hedging instruments to offset risk and liquidate the combined risk exposures over a medium-term timeframe.

Insurance Linked Strategies (“ILS”) – Property and Casualty
ILS seeks to earn attractive risk-adjusted returns through the direct or indirect acquisition of discontinued (i.e., “run-off”) property and casualty business from insurers, reinsurers and/or other entities (including, without limitation, self-insured organizations) at attractive pricing and the efficient management of the payment of future claims and the assets supporting such liabilities and make investments in other forms of insurance linked assets. ILS’s focus generally excludes the market that represents catastrophe-related risk. The Registrant has engaged a non- affiliated sub-adviser to perform certain advisory services in connection with this strategy.
The Registrant provides investment advisory services, as sub-advisor, to two publicly offered registered investment trusts under Mexican law that are focused on credit opportunities in the Mexican Market. NEXT The Investment Vehicles advised by the Registrant’s NEXT investment team invest in growth equity opportunities in private companies in the financial services and technology sectors that are primarily located in the U.S. and Western Europe leveraging the sourcing channels and domain expertise of the broader CS organization.
Employee Plans Team
The Funds created by the Employee Plans Team are structured to invest in: (i) a mirror-image portfolio with another Fund and to dispose of investments made in “lock step” with such Fund; (ii) one or more particular classes or series of securities of a Portfolio Company, a Participating Fund, another Fund or an existing investment portfolio; or (iii) certain types of investment opportunities as described in the Fund’s offering memorandum with the actual investments identified by the Registrant and made during a designated commitment or similar period.
Legacy Strategies
The Registrant’s legacy team provides investment advisory services to various existing Investment Vehicles. These Investment Vehicles are funds-of-funds that pursue their investment objectives by investing in Participating Funds, which themselves purchase securities or other assets, and some Investment Vehicles pursue their investment objectives by investing directly in underlying securities or other assets. The Registrant’s legacy team identifies investment opportunities for each of the Investment Vehicles whose investment periods are in effect, and participates in the acquisition, management and disposition of their investments. please register to get more info

Open Brochure from SEC website
Pooled Investment Vehicles $47,049,303,639
Discretionary $73,768,453,890
Non-Discretionary $4,299,230
Registered Web Sites

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