Credit Investments Group

With substantial scale, an extensive network, and experienced local teams in New York and London, the Credit Investments Group (CIG) is one of the largest non-investment grade credit managers in the US and Western Europe.

Inception of platform in 1998

Two senior members of the Corporate Credit Committee have managed portfolios together for 26 years

Award-winning institutional credit franchise

Why Credit Strategies?

CIG offers a select suite of credit strategies designed to help investors meet capital preservation needs and enhance yield opportunities

  • We invest in diversified portfolios of non-investment grade credit strategies, including Senior Secured Bank Loans, High Yield, rated and equity tranches of Collateralized Loan Obligations (CLOs) and Private Credit
  • Our investment process is predicated on bottom-up, fundamental credit selection combined with a focus on relative value trading and preservation of principal
  • Our team is based in the US and UK, allowing for a broader investment universe that covers issuers in North America and Western Europe
  • Our credit strategies are accessible via various commingled funds, separately managed accounts (SMAs) and CLOs

Investment capabilities

Why floating rate strategies?

Learn more with portfolio manager Josh Shedroff and client portfolio manager Eileen Liu-Baumert.

Market Insights

Thought Piece
December 2022

CIG White Paper: A Case for Senior Loans

Traditional fixed income has experienced challenges to performance in recent times as the Fed has implemented repeated interest rate hikes in the face of rising inflation, which has been exacerbated by macroeconomic and sociopolitical events such as supply chain bottlenecks, the war in Ukraine and China’s zero Covid policy. Floating rate instruments such as senior loans can be a viable option to mitigate interest rate risk, and the large shifts in price that can happen both in rising and declining rate environments.

Thought Piece
November 2022

Sponsors Want a One-Stop Shop for Public and Private Credit

Managers that offer options in both syndicated and private credit markets may capitalise in volatile markets, says Kevin Lawi, private credit portfolio manager and head of origination for Credit Suisse Asset Management’s Credit Investments Group

Thought Piece
July 2022

CIG White Paper: Introduction to Collateralized Loan Obligations

We have seen growing interest in the CLO asset class, from AAA-rated debt down to the equity tranche. The Credit Investments Group has written an informative overview of CLOs, outlining key aspects of how they are structured, as well as their characteristics, history, benefits and risks.

About the Team

The CIG team’s three senior members have significant experience investing in performing credit strategies and managing portfolios through various credit cycles. The eight-member Corporate Credit Committee have over a decade of experience with the CIG team and have worked together for at least 15 years. The CIG team is based in the US and UK, covering issuers in North America and Western Europe”

Senior Investment Professionals

John G. Popp
Member of the Corporate Credit Committee
Global Head and Chief Investment Officer
39 years of experience

Andrew H. Marshak
Member of the Corporate Credit Committee
Head of Europe
33 years of experience

Louis I. Farano
Member of the Corporate Credit Committee
US Portfolio Manager
29 years of experience

Wing Chan, CFA
Member of the Corporate Credit Committee
US Portfolio Manager
24 years of experience

David Mechlin, CFA
Member of the Corporate Credit Committee
US Portfolio Manager
17 years of experience

Jakob von Kalckreuth
Member of the Corporate Credit Committee
European Portfolio Manager
20 years of experience

Joshua Shedroff
Member of the Corporate Credit Committee
US Portfolio Manager
21 years of experience

Ramin Kamali
Member of the Corporate Credit Committee
Head of Research
22 years of experience

Michael Chaisanguanthum
Head of Restructuring
20 years of experience

Kevin Lawi
Private Credit Portfolio Manager, Head of Origination
19 years of experience

Amir Vardi
Portfolio Manager, Head of Structured Credit
19 years of experience

Shelley Wong-Chassine
Chief of Staff
30 years of experience

Credit Suisse Mutual Funds

Visit the US Mutual Fund webpage below to access fund information and materials.

Contact us

Feel free to contact us if you would like further information about Credit Suisse Asset Management Products.

This material is provided for informational and illustrative purposes only, does not constitute an advertisement, appraisal, investment research, research recommendations, investment recommendations or information recommending or suggesting an investment strategy, and it does not contain financial analysis. Moreover it does not constitute an invitation or an offer to the public or on a private basis to subscribe for or purchase products or services.

Important Information: Past performance is not indicative of future results. These materials do not constitute an offer to sell or a solicitation of an offer to buy securities. The investment objectives, risks, charges and expenses (which should be considered carefully before investing), and more complete information about the Credit Suisse Floating Rate High Income Fund and Credit Suisse Strategic Income Fund (the “Funds”), are provided in the Prospectus, which should be read carefully before investing. You may obtain copies by calling 800-577-2321. For up-to-date performance, please visit our website at

UBS Asset Management (Americas) LLC serves as advisor for the Funds. All investments involve some level of risk. Simply defined, risk is the possibility that you will lose money or not make money. Before you invest, please make sure you understand the risks that apply to the Funds. As with any mutual fund, you could lose money over any period of time. Investments in the Funds are not bank deposits and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

Risk Considerations:

Below Investment Grade Securities Risk – Below investment grade securities are regarded as being predominantly speculative as to the issuer’s ability to make payments of principal and interest. Collateralized Loan Obligations Risk – CLOs are subject to the risk of substantial losses due to actual defaults, decrease of market value due to collateral defaults and disappearance of subordinate tranches, market anticipation of defaults, and investor aversion to CLO securities as a class. Conflict of Interest Risk – Affiliates of Credit Suisse may act as underwriter, lead agent or administrative agent for loans and participate in the secondary market for loans. Convertible Securities Risk – The market value of a convertible security performs like that of a regular debt security; that is, if market interest rates rise, the value of a convertible security usually falls. Credit Risk – The issuer of a security, the borrower of a loan or the counterparty to a contract, including derivatives contracts, may default or otherwise become unable to honor a financial obligations. Derivatives Risk –Derivatives are financial contracts whose value depends on, or is derived from, the value of an underlying asset, instrument or index. Extension Risk – An unexpected rise in interest rates may extend the life of a mortgage-backed security beyond the expected prepayment time, typically reducing the security’s value. Foreign Securities Risk – Investing outside the U.S. carries additional risks that include: Currency Risk – Fluctuations in exchange rates between the U.S. dollar and foreign currencies may negatively affect an investment. Information Risk – Key information about an issuer, security or market may be inaccurate or unavailable. Political Risk – Foreign governments may expropriate assets, impose capital or currency controls, impose punitive taxes, or nationalize a company or industry. Futures Contracts Risk – The risks associated with the Funds’ use of futures contracts include the risk that: (i) changes in the price of a futures contract may not always track the changes in the market value of the underlying reference asset; (ii) trading restrictions or limitations may be imposed by an exchange, and government regulations may restrict trading in futures contracts; and (iii) if the Funds have insufficient cash to meet margin requirements, the Funds may need to sell other investments, including at disadvantageous times. Hedged Exposure Risk – The Funds’ hedging activities could multiply losses generated by a derivative used for hedging purposes. Interest Rate Risk – Changes in interest rates may cause a decline in the market value of an investment. Liquidity Risk – Certain portfolio holdings may be difficult or impossible to sell at the time and the price that the Funds would like. Market Risk – The market value of an instrument may fluctuate, sometimes rapidly and unpredictably. Mortgage- and Asset-Backed Securities Risks – The value of the Funds’ mortgage backed securities can fall if the owners of the underlying mortgages pay off their mortgages sooner than expected, which could happen when interest rates fall, or later than expected, which could happen where interest rates rise. Prepayment Risk – In a declining interest rate environment, prepayment of loans and other fixed income instruments with high stated interest rates may increase. Senior Loans Risk – Senior Loans are subject to the risk that a court could subordinate a Senior Loan, which typically holds the most senior position in the issuer’s capital structure, to presently existing or future indebtedness or take other action detrimental to the holders of Senior Loans. Short Position Risk – Taking short positions involves leverage of the Funds’ assets and presents various risks. U.S. Government Securities Risk – Obligations of U.S. Government agencies and authorities are supported by varying degrees of credit but generally are not backed by the full faith and credit of the U.S. Government. Valuation Risk – The lack of an active trading market may make it difficult to obtain an accurate price for an instrument held by the Funds. For a detailed discussion of these and other risks, please refer to the Funds’ Prospectus, which should be read carefully before you invest.

Fund shares are not deposits or other obligations of UBS Asset Management (Americas) LLC or any affiliate, are not insured by the Federal Deposit Insurance Corporation and are not guaranteed by UBS Asset Management (Americas) LLC or any affiliate. Fund investments are subject to investment risks, including loss of your investment.


© UBS 2023. All rights reserved.