A RESEARCH report released by Morningstar has downgraded Credit Suisse Asset Management Limited’s asset allocation outlook to ‘neutral’. The outlook downgrade from a relatively good quality fund manager is a result of the impending retirement of Lindsay Gibson, head of balanced funds, effective from June 30 2003.
Mr Gibson is to be replaced by Neale Goldston-Morris.
“Goldston-Morris has not previously held a multi-sector asset allocation role with a fund manager, although he did prepare quarterly asset allocation reports at Deutsche Bank Australia, his previous employer,” Morningstar says.