News for investors

The UBS Investment Foundations 4 & 5 are unique in that they always send notice letters or letters to safekeeping account holders to directly notify their investors of important developments and changes in the investment groups.

January 20, 2025

Change of name of Credit Suisse Investment Foundations

In connection with the integration of Credit Suisse into UBS and the associated discontinuation of the “Credit Suisse” brand, the investors’ meeting on November 13, 2024 decided to change the names of the Investment Foundations mentioned as follows:

  • Credit Suisse Investment Foundation will now be called UBS Investment Foundation 4.
  • Credit Suisse Investment Foundation Pillar 2 will now be called UBS Investment Foundation 5.

The name changes were published in the commercial register as of December 16, 2024 for UBS Investment Foundation 5 and as of January 9, 2025 for UBS Investment Foundation 4. 

 

The aforementioned adjustments are purely name adjustments at Investment Foundation level. The names of the investment groups will not be adjusted until further notice.
January 13, 2025

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

 

Wildfires in California (PDF EN)

December 18, 2024

 

Letter to safekeeping account holders

CSA Real Estate Germany: Information zum aktuellen Marktumfeld im deutschen Immobilienmarkt und Konsultation hinsichtlich eines weiteren Aufschubs der Bedienung

November 19, 2024

CSA/CSA 2 general meetings of investors held on November 13, 2024

The General Meetings of Investors approved the annual accounts of the two investment foundations and voted to discharge the Board of Trustees of the two foundations. PricewaterhouseCoopers AG was re-elected as auditor for another year. Last but not least, two trustees were elected to the Board of Trustees, and the revised Articles of Association and Regulations were approved by the General Meeting of Investors.

November 1, 2024

Letter to safekeeping account holders

Introduction of Swinging Single Pricing (SSP) for actively managed Mixta investment groups of CSA and CSA 2
 

On November 1, 2024 (order date), the Credit Suisse Investment Foundations will introduce a new pricing method called «Swinging Single Pricing» (SSP) for the actively managed Mixta-LOB investment groups.

  • Letter to safekeeping account holders (PDF DE / PDF FR)

October 31, 2024

Letter to safekeeping account holders

Introduction of swinging single pricing (SSP) for indexed managed Mixta investment groups of CSA

 

As part of the integration of the indexed managed Mixta-LOB investment groups of the Credit Suisse Investment Foundation into the UBS product offering, the pricing method will be adjusted as of October 31, 2024 (order date).

October 18, 2024

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

 

Hurricane Milton Update (PDF EN)

October 18, 2024

Letter to safekeeping account holders

New cut-off times for subscriptions and redemptions

 

The integration of the CSA Mixta-BVG investment groups into UBS's product offering includes the adjustment of the cut-off times for subscriptions and redemptions for some investment groups.

October 15, 2024

Documentation for Credit Suisse Investment Foundation / Credit Suisse Investment Foundation 2nd pillar investor meeting of November 13, 2024

CSA/CSA 2 invitation (PDF DE)

CSA annual report (PDF DE)

CSA 2 annual report (PDF DE)

CSA list of securities (PDF DE)

CSA 2 list of securities (PDF DE)

Candidate profile A. Konstantinow (PDF DE)

Candidate profile J. Roth (PDF DE)

Overview of changes in the basic documents (PDF DE)

CSA statutes (with changes marked) (PDF DE)

UBS AST 4 (ex CSA) statutes (PDF DE)

CSA 2 statutes (with changes marked) (PDF DE)

UBS AST 5 (ex CSA 2) statutes (PDF DE)

CSA regulations (with changes marked) (PDF DE)

UBS AST 4 (ex CSA) regulations (PDF DE)

CSA 2 regulations (with changes marked) (PDF DE)

UBS AST 5 (ex CSA 2) regulations (PDF DE)

October 10, 2024

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Hurricane Milton (PDF EN)

October 2, 2024

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Hurricane Helene (PDF EN)

October 1, 2024

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Hurricane Francine and European Floods (Storm Boris) (PDF EN)

September 30, 2024

Letter to safekeeping account holders

Liquidation of three CSA investment groups

 

The declining asset performance and low investment volume have made it increasingly difficult to manage the three investment groups listed below in an efficient and cost-effective manner. The Board of Trustees of the Investment Foundations has therefore decided to terminate these investment groups. Please refer to the letter to safekeeping account holders for more details.

September 2, 2024

CSA Hypotheken Schweiz – organizational changes

Change of portfolio manager

 

Responsibility for the portfolio management activities of CSA Hypotheken Schweiz was fully transferred to Samuel Leuenberger at UBS Asset Management Switzerland AG, effective 1 August 2024. Avobis Invest AG will continue to serve as a partner for issuing and managing mortgages.

 

Issue premium reduced for subscriptions as of September 2

 

New issue premium: 0.10% (previously 0.25%)

The redemption discount will remain unchanged at 0.25%

August 22, 2024

Letter to safekeeping account holders

CSA Real Estate Switzerland Pooled Investments – Amendment of the investment guidelines.

 

(PDF DE / PDF FR)

August 12, 2024

Letter to safekeeping account holders

Update on the temporary suspension of the issuance and redemption of claims in the investment group CSA Real Estate Germany.

 

(PDF DE / PDF FR)

July 9, 2024

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Hurricane Beryl (PDF EN)

June 28, 2024

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed: Updates to the prospectus

Due to changes to the accounting standards in the target fund of the CSA ILS/CSA ILS Fixed investment groups, the corresponding areas in the prospectus had to be adjusted.

 

Entry into force of the updated prospectus: June 28, 2024
Updated prospectus CSA ILS: PDF DE FR
Updated prospectus CSA ILS Fixed: PDF DE FR

April 19, 2024

Letter to safekeeping account holders

CSA 2 World Index: Adjustment of the value date for subscriptions

 

From May 27/28, 2024, the standard settlement cycle for securities cleared and settled in the US, Canada, and Mexico will be reduced by one day from T+2 to T+1 after the trading day.

 

In order to avoid negative consequences arising from value date discrepancies as far as possible, the management of the investment foundation has decided to switch the settlement cycle of the CSA 2 World Index investment group to an asymmetric settlement cycle from May 27, 2024 (order date).

April 5, 2024

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

  • M7.4 earthquake in Taiwan (PDF EN)

March 25, 2024

Letter to safekeeping account holders

Suspension of distribution in the investment group CSA Real Estate Switzerland. (PDF DE) / (PDF FR)

March 25, 2024

Letter to safekeeping account holders

CSA Mortgages Switzerland – Amendment of the investment guidelines

  • Letter to safekeeping account holders: (PDF DE) / (PDF FR)

March 12, 2024

Letter to safekeeping account holders

Liquidation of three CSA investment groups

 

The declining asset performance and low investment volume have made it
increasingly difficult to manage the three investment groups listed below in
an efficient and cost-effective manner. The Board of Trustees of the Credit
Suisse Investment Foundation has therefore decided to terminate these
investment groups. Please refer to the letter to safekeeping account holders
for more details.

  • CSA BVG 25-45 Dynamic (PDF DE)
  • CSA Fund Selection Equity Dragon Countries (PDF DE / PDF FR)
  • CSA Fund Selection Equity Emerging Markets (PDF DE / PDF FR)

March 12, 2024

Letter to safekeeping account holders

Termination of investment groups

 

The Board of Trustees of the Credit Suisse Investment Foundation has decided to terminate the following investment groups:

The investment groups will be closed for subscription with immediate effect; redemptions will be accepted until April 24, 2024.

January 9, 2024

CSA Insurance Linked Strategies / CSA Insurance Linked
Strategies Fixed

M7.5 earthquake in Japan in January 2024 (PDF EN)

December 15, 2023

CSA/CSA2 over the turn of the year 2023/2024

(PDF DE / PDF FR)

December 1, 2023

Letter to safekeeping account holders

Adjustment of the return modalities in the investment groups CSA Real Estate Switzerland, CSA Real Estate Switzerland Commercial and CSA Real Estate Switzerland Residential.

 

CSA Real Estate Switzerland

 

Letter to safekeeping account holders (PDF DE / PDF FR)
Prospectus with tracked changes (valid from 01.12.23) (PDF DE / PDF FR)

 

CSA Real Estate Switzerland Residential

 

Letter to safekeeping account holders (PDF DE / PDF FR)
Prospectus with tracked changes (valid from 01.12.23) (PDF DE / PDF FR)

 

CSA Real Estate Switzerland Commercial

 

Letter to safekeeping account holders (PDF DE / PDF FR)
Prospectus with tracked changes (valid from 01.12.23) (PDF DE / PDF FR)

November 22, 2023

Letter to safekeeping account holders

Update on the temporary suspension of the issuance and redemption of claims in the investment group CSA Real Estate Germany.

 

Letter to safekeeping account holders (PDF DE)

November 21, 2023

CSA/CSA 2 general meetings of investors held on November 14, 2023

The general meetings of investors approved the annual accounts of the two investment foundations and voted to discharge the Board of Trustees of the two foundations. PricewaterhouseCoopers AG was re-elected as auditor for another year.

October 27, 2023

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Hurricane Otis in October 2023 (PDF EN)

October 16, 2023

Letter to safekeeping account holders

Adjustment of the investment range for mortgages in the CSA Mixta-BVG Basic investment group.

Letter to safekeeping account holders (PDF DE / PDF FR)

October 13, 2023

Documentation for investor meetings of Credit Suisse Investment Foundations of November 14, 2023

  • CSA/CSA 2 invitation (PDF DE)
  • CSA annual report (PDF DE)
  • CSA 2 annual report (PDF DE)
  • CSA list of securities (PDF DE)
  • CSA 2 list of securities (PDF DE)

October 13, 2023

Letter to safekeeping account holders

CSA Insurance Linked Strategies Side Pocket 2/ CSA Insurance Linked Strategies Fixed Side Pocket 2 – complete dissolution

Letter to safekeeping account holders (PDF DE / PDF FR)

September 25, 2023

CSA Real Estate Switzerland: Distributions for financial year 2022/23

The CSA Real Estate Switzerland investment group will pay out the distributions for financial year 2022/23 with a value date of October 26, 2023. The investors in the investment group will be informed by means of a custodian bank letter with dispatch date September 27, 2023 and will be given a choice between a distribution in claims (reinvestment at NAV) and a cash distribution.

September 4, 2023

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Hurricane Idalia in August 2023 (PDF EN)

August 31, 2023

Declaration of enrollment

Please note that affiliated companies are now also the legal entities of UBS Group AG within the meaning of the declaration of enrollment. Please therefore note that CSA's authorization to disclose investor data to Credit Suisse (Switzerland) Ltd. and its affiliates now also relates to the legal entities of UBS Group AG.

August 15, 2023

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Maui wildfires in August 2023 (PDF EN)    

July 17, 2023

Letter to safekeeping account holders

CSA Insurance Linked Strategies Side Pocket 1/ CSA Insurance Linked Strategies Fixed Side Pocket 1 – complete dissolution

 

Letter to safekeeping account holders (PDF DE / PDF FR)

July 12, 2023

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Performance and market update post Hurricane Ian (PDF EN)

April 18, 2023

Letter to safekeeping account holders

Adjustment of the redemption discount in the investment groups CSA Real Estate Switzerland, CSA Real Estate Switzerland Commercial and CSA Real Estate Switzerland Residential.

March 31, 2023

Letter to safekeeping account holders

CSA Insurance Linked Strategies Side Pocket 1/ CSA Insurance Linked Strategies Fixed Side Pocket 1 – Partial Dissolution

 

Letter to safekeeping account holders (PDF DE / PDF FR)

March 31, 2023

Letter to safekeeping account holders

CSA Insurance Linked Strategies Side Pocket 2/ CSA Insurance Linked Strategies Fixed Side Pocket 2 – Partial Dissolution

 

Letter to safekeeping account holders (PDF DE / PDF FR)

March 15, 2023

Letter to safekeeping account holders

Update on the temporary suspension of the issuance and redemption of claims in the investment group CSA Real Estate Germany.

 

Letter to safekeeping account holders (PDF DE / PDF FR)

February 7, 2023

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

M7.8 earthquake in Türkiye - February 2023 (PDF EN)

February 1, 2023

Letter to safekeeping account holders

  • Amendment of prospectus of investment group CSA 2 Multi-Manager Real Estate Global (PDF DE / PDF FR)
  • Prospectus CSA 2 Multi-Manager Real Estate Global (valid from 01.02.2023) (PDF DE / PDF FR)
  • Prospectus CSA 2 Multi-Manager Real Estate Global with tracked changes (valid from 01.02.2023) (PDF DE / PDF FR)

January 30, 2023

Letter to safekeeping account holders

CSA Insurance Linked Strategies Side Pocket 2/ CSA Insurance Linked Strategies Fixed Side Pocket 2 – Partial Dissolution

 

Letter to safekeeping account holders (PDF DE / PDF FR)

December 15, 2022

CSA/CSA2 over the turn of the year 2022/2023 

(PDF DE / PDF FR)

December 8, 2022

CSA Energy Transition Infrastructure – successful first closing on December 5, 2022

The initial closing of the CSA Energy Transition Infrastructure investment group met with high demand from pension funds and was successfully completed on December 5, 2022, with the acceptance of capital commitments totaling more than EUR 700 million. An initial capital call-off of an expected 65–75% of the capital commitments will also take place in December 2022 and will be used to finance the first two investments of the target fund.

 

In collaboration with Energy Infrastructure Partners, a portfolio manager with an exclusive focus on the energy industry, the investment group offers investors access to assets that contribute to a decarbonized and more secure energy supply in OECD countries worldwide. With an exclusive focus on OECD countries, the investment group’s investment strategy focuses on four types of system-critical energy infrastructure in these markets: assets that generate carbon-free energy; assets that transport energy, like power grids and transmission networks; assets that add flexibility to energy systems; and assets that store energy, like grid-scale batteries and pumped storage power plants.

 

For investors who missed the initial closing, a further closing is planned in 2023.

December 7, 2022

Letter to safekeeping account holders

CSA 2 Private Equity – Adaptation of the return modalities

 

Letter to safekeeping account holders (PDF DE / PDF FR)

December 5, 2022

Letter to safekeeping account holders

Temporary suspension of the issuance and redemption of claims in the investment group CSA Real Estate Germany.

 

Letter to safekeeping account holders (PDF DE / PDF FR)

December 5, 2022

Letter to safekeeping account holders

CSA Insurance Linked Strategies Side Pocket 1/ CSA Insurance Linked Strategies Fixed Side Pocket 1 – Partial Dissolution

 

Letter to safekeeping account holders (PDF DE / PDF FR)

November 30, 2022

Adjustment of spreads as of December 1, 2022

As part of a review of its product conditions, the Credit Suisse Investment Foundation 2nd Pillar has decided to make slight adjustments to the redemption charges for some indexed mixed funds in line with the economic environment with effect from December 1, 2022. 
(PDF DE / PDF FR)

November 28, 2022

Letter to safekeeping account holders

CSA 2 Private Equity - Amendment of prospectus
  • Letter to safekeeping account holders (PDF DE / PDF FR)
  • Prospectus (valid from December 1, 2022) (PDF DE / PDF FR)
  • Prospectus version with tracked changes (valid from December 1, 2022) (PDF DE / PDF FR)

November 14, 2022

CSA/CSA 2 general meetings of investors held on November 9, 2022

The general meetings of investors approved the annual accounts of the two investment foundations and voted to discharge the Board of Trustees of the two foundations. Re-elections were held and all members of the Board of Trustees of CSA and CSA 2 were re-elected by a large majority for a further term of four years. PricewaterhouseCoopers AG was also re-elected as auditor for another year.

November 10, 2022

Launch of a new investment group for Pillar 3a pension funds

On November 29, 2022, the CREDIT SUISSE INVESTMENT FOUNDATION (CSA) is launching a new investment group for Pillar 3a tied pension provision with an average equity component of roughly 100%.

 

The CSA Mixta-BVG Index 100 investment group makes indirect investments in equities worldwide via indexed funds. Investments are made in accordance with a benchmark, i.e. the benchmark is replicated with the same weighting for all of the securities it contains (physical replication). Equity investments comprise between 95% and 100%. The investment time horizon should therefore be at least 12 years. At least 80% of the foreign currency exposure is hedged. Together with its broad diversification within an individual asset class, the investment group is also distinguished by its low management costs.

 

The subscription period for the initial issue of units will run from November 14 to November 29, 2022. Daily issuance and redemption of units will be possible from November 30, 2022, onwards.

 

Further information can be obtained from CREDIT SUISSE PRIVILEGIA Pillar 3 Pension Foundation.

November 4, 2022

Letter to safekeeping account holders

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

 

Creation of new side pocket investment groups "CSA Insurance Linked Strategies Side Pocket 2" and "CSA Insurance Linked Strategies Fixed Side Pocket 2"

 

Letter to safekeeping account holders (PDF DE / PDF FR)

October 31, 2022

Letter to safekeeping account holders

Liquidation of the CSA Short Term Bonds CHF investment group

 

The Board of Trustees of the Credit Suisse Investment Foundation has decided to liquidate the CSA Short Term Bonds CHF (2.070.709) investment group owing to declining asset performance and low investment volume. Therefore it has been closed for subscriptions and redemptions as of October 29, 2022.

 

Letter to safekeeping account holders: CSA Short Term Bonds CHF (PDF DE / PDF FR)

October 31, 2022

Letter to safekeeping account holders

Liquidation of the CSA Inflation Linked Bonds CHF investment group

The Board of Trustees of the Credit Suisse Investment Foundation has decided to liquidate the CSA Inflation Linked Bonds CHF (1.764.678) investment group owing to declining asset performance and low investment volume. Therefore it has been closed for subscriptions and redemptions as of October 29, 2022.

 

Letter to safekeeping account holders: CSA Inflation Linked Bonds CHF (PDF DE / PDF FR)

October 12, 2022

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Hurricane Ian Second Update October 2022 (PDF EN)

October 6, 2022

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Hurricane Ian Update October 2022 (PDF EN)

October 4, 2022

Documentation for investor meetings of Credit Suisse Investment Foundations of November 9, 2022

  • CSA/CSA 2 invitation (PDF DE)
  • CSA annual report (PDF DE)
  • CSA 2 annual report (PDF DE)
  • CSA list of securities (PDF DE)
  • CSA 2 list of securities (PDF DE)
  • Candidate profiles for the Board of Trustees CSA/CSA 2 (PDF DE)

September 28, 2022

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Hurricane Ian – Update on events during September 2022 (PDF EN)

September 26, 2022

CSA Real Estate Switzerland: Distributions for financial year 2021/22

The CSA Real Estate Switzerland investment group will pay out the distributions for financial year 2021/22 with a value date of October 27, 2022. The investors in the investment group will be informed by means of a custodian bank letter with dispatch date September 28, 2022 and will be given a choice between a distribution in claims (reinvestment at NAV) and a cash distribution.

September 23, 2022

Letter to safekeeping account holders

Information on investment groups CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

 

Letter to safekeeping account holders (PDF DE / PDF FR)

September 19, 2022

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Typhoon Nanmadol – September 2022 (PDF EN)

September 1, 2022

Letter to safekeeping account holders

Adjustment to the permissible real estate component in the CSA Mixta-BVG Basic investment group

 

The Board of Trustees of the Credit Suisse Investment Foundation has resolved to adjust the permissible real estate component in the investment guidelines of the CSA Mixta-BVG Basic investment group with effect from December 1, 2022.

 

Letter to safekeeping account holders CSA Mixta-BVG Basic (PDF DE / PDF FR)

June 21, 2022

Letter to safekeeping account holders

CSA Mortgages Switzerland – Adaptation of the return modalities

 

Letter to safekeeping account holders: (PDF DE / PDF FR)

June 20, 2022

CSA Mortgages Switzerland

In view of the current exceptional circumstances and in order to prevent a breach of the requirement for equal treatment for all investors, the redemption conditions for the CSA Hypotheken investment group are being adjusted with immediate effect as follows: Redemption of units is generally possible on a quarterly basis with an advance notice period of two months to the end of a quarter. The next deadline for giving notice is July 28, 2022, for the settlement date of September 30, 2022.

June 15, 2022

CSA Mortgages Switzerland – opening for subscriptions

The investment group CSA Mortgages Switzerland will open on Monday, June 20, 2022, until further notice for subscriptions.

June 3, 2022

Depositor letter

Amendment of the investment guidelines for CSA International Bonds

 

The Foundation Board has decided to amend the investment guidelines and with respect to liquidity only limit bank deposits to 5% of the investment group assets on time and demand.

 

Depositor letter (PDF DE / PDF FR)

May 17, 2022

Capital increase for CSA Real Estate Switzerland: allocation quota

Due to the oversubscription at the end of the subscription period, the allocation quota is 51.45% for all of the received subscription orders.

March 31, 2022

Letter to safekeeping account holders

CSA Insurance Linked Strategies

 

Adjustment of the minimum investment volume in class L3 as of April 1, 2022

March 22, 2022

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Fukushima, Japan Earthquake – March 2022 (PDF EN)

March 10, 2022

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Australia east coast floods – February/March 2022 (PDF EN)

March 8, 2022  

Suspension of securities lending for Credit Suisse investment foundations

According to the securities lending concept approved by the Board of the Foundation, securities lending is suspended if the borrower's credit spread exceeds a predefined level. The level of the credit spread was exceeded on 7 March 2022. Therefore, the management immediately initiated the suspension of the securities lending business.

March 4, 2022

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Russian invasion of Ukraine – March 2022 (PDF EN)

March 1, 2022

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Winter storms Europe – February 2022 (PDF EN)

February 23, 2022

Capital increase for CSA Real Estate Switzerland

The management and the portfolio manager have made a joint decision to carry out a capital increase for the CSA Real Estate Switzerland investment group in the amount of CHF 350 million. In light of the significant anticipated demand, only existing investors may participate in this capital increase. In the event of oversubscription, all subscription orders received during the subscription period will be reduced proportionately.

 

The new capital will be used to reduce the debt financing ratio, complete ongoing new construction projects, and make ongoing investments in the existing portfolio of properties.

February 23, 2022

Opening of CSA Real Estate Switzerland Commercial

The management and the portfolio manager have made a joint decision to open the CSA Real Estate Switzerland Commercial investment group for an investment volume of CHF 250 million. Starting on April 25, 2022, both existing investors and new investors will have the opportunity to take out subscriptions on a daily basis. As soon as the targeted investment volume has been exceeded at the cut-off time on any subscription day, the subscriptions orders for this day only will be reduced proportionately. The investment group will then be closed to subscriptions.

 

The new capital will be used to further expand the portfolio.

February 1st, 2022

Letter to safekeeping account holders

  • Amendment of prospectus of investment group CSA 2 Multi-Manager Real Estate Global (PDF DE / PDF FR)
  • Prospectus CSA 2 Multi-Manager Real Estate Global (valid from 01.02.2022) (PDF DE / PDF FR)
  • Prospectus CSA 2 Multi-Manager Real Estate Global with tracked changes (valid from 01.02.2022) (PDF DE / PDF FR)

20. January 2022

Letter to safekeeping account holders

Liquidation of the CSA Nippon Index investment group

 

The Board of Trustees of the Credit Suisse Investment Foundation has decided to liquidate the CSA Nippon Index (349.351) investment group owing to declining asset performance and low investment volume. Therefore it has been closed for subscriptions and redemptions as of January 20, 2022.

 

Letter to safekeeping account holders: CSA Nippon Index (PDF DE / PDF FR)

December 17, 2021

CSA Insurance Linked Strategies / CSA Insurance Linked

Strategies Fixed – Tornadoes U.S. – December 2021 (PDF EN) 

December 16, 2021

CSA/CSA2 über den Jahreswechsel 2021/2022

(PDF DE)

November 16, 2021

CSA/CSA 2 general meetings of investors held on November 15, 2021

Due to the extraordinary circumstances in connection with the COVID-19 pandemic (coronavirus), both 2021 ordinary general meetings of investors of the Credit Suisse Investment Foundations were again held without the physical attendance of investors.

 

Only the Chair of the Board of Trustees, the secretary, the independent proxy, and a representative of the auditors participated in the closed meeting. Investors were able to appoint the independent proxy to represent them in writing.

 

The general meetings of investors voted in favor of all agenda items submitted for approval. The annual reports of CSA and CSA 2 are available in digital form on the website of the Credit Suisse Investment Foundations in German and French.

November 12, 2021

Letter to safekeeping account holders

  • CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed – change of benchmark (PDF DE / PDF FR)
  • Prospectus CSA ILS (valid from 01.11.2021 (PDF DE / PDF FR)
  • Prospectus CSA ILS with tracked changes (valid from 01.11.2021) (PDF DE / PDF FR)
  • Prospectus CSA ILS Fixed (valid from 01.11.2021) (PDF DE / PDF FR)
  • Prospectus CSA ILS Fixed with tracked changes (valid from 01.11.2021) (PDF DE / PDF FR)

October 8, 2021 

Documents for the meetings of investors of the Credit Suisse Investment Foundations of November 15, 2021

September 27, 2021

CSA Real Estate Switzerland: Distributions for financial year 2020/21

The CSA Real Estate Switzerland investment group will pay out the distributions for financial year 2020/21 with a value date of October 28, 2021. The investors in the investment group will be informed by means of a custodian bank letter with dispatch date September 29, 2021 and will be given a choice between a distribution in claims (reinvestment at NAV) and a cash distribution.

September 24, 2021

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Melbourne Earthquake – September 2021 (PDF EN)

September 8, 2021

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Update on Hurricane Ida – August 2021 (PDF EN)

August 30, 2021

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Hurricane Ida – August 2021 (PDF EN)

August 24, 2021

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Hurricane Henri – August 2021 (PDF EN)

July 21, 2021

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Europe Floods – July 2021 (PDF EN)

July 5, 2021

Letter to safekeeping account holders

Information on investment groups CSA Insurance Linked Strategies Side Pocket 1 / CSA Insurance Linked Strategies Fixed Side Pocket 1 (PDF DE)

June 22, 2021

As part of a review of its product conditions, the Credit Suisse Investment Foundation 2nd Pillar has decided to make slight adjustments to the redemption charges for some indexed mixed funds in line with the economic environment with effect from June 22, 2021.

(PDF DE / PDF FR)

June 9, 2021

Letter to safekeeping account holders

CSA BVG 25-45 Dynamic I (30.725.295) – Change in the benchmark composition

 

In the investment group CSA BVG 25-45 Dynamic, the performance of liquidity has been, up to now, measured using the one-month LIBOR interest rate. In the future, the performance of liquidity will be measured against the SARON.

 

Letter to safekeeping account holders (PDF DE)

June 4, 2021

Letter to safekeeping account holders

More attractive conditions for our clients in the areas of vested benefits and tied pension provision

 

We are pleased to announce that the all-in fees of the four index-managed CSA Mixta-BVG investment groups Index 25, Index 35, Index 45, and index 75 are being reduced as of July 1, 2021. These investment groups are mainly used in the areas of vested benefits and tied pension provision.

 

Letter to safekeeping account holders (PDF DE / PDF FR)

May 21, 2021

Letter to safekeeping account holders

Liquidation of the investment groups CSA Global Bonds Hedged and CSA Global Corporate Bonds Hedged

 

The Board of Trustees of the Credit Suisse Investment Foundation has decided to liquidate the CSA Global Bonds Hedged (10.399.033) and CSA Global Corporate Bonds Hedged (13.953.439) investment groups owing to declining asset performance and low investment volume. They are therefore closed for subscriptions and redemptions as of May 21, 2021.

  • Letter to safekeeping account holders: CSA Global Bonds Hedged (PDF DE / PDF FR)
  • Letter to safekeeping account holders: CSA Global Corporate Bonds Hedged (PDF DE)

May 10, 2021

CSA/CSA 2 exposure to the Credit Suisse supply chain finance funds – update

In view of ongoing client interest, management of the two investment foundations (CSA and CSA 2) has decided to review the current exposure to the Credit Suisse supply chain finance funds in administration.

 

As of May 4, 2021, out of a total 54 investment groups, only two investment groups were indirectly exposed to the supply chain finance funds via a target fund.

 

These are the two investment groups with an additional focus on alternative investments:

 

CSA Mixta-BVG 15 Plus (security nos. 46.329.594, 43.663.719) with an asset value (as of May 4, 2021) of CHF 34,456,787.16 and an exposure of 0.19%1 and

CSA 2 Mixta-BVG 25 Plus (security nos. 11.217.285, 43.663.749) with an asset value (as of May 4, 2021) of CHF 110,256,668.27 and an exposure of 0.14%.1

 

All other investment groups of CSA and CSA 2 have no exposure to the Credit Suisse supply chain finance funds.

 

If you have any questions on the topic, please do not hesitate to contact the management of the Credit Suisse investment foundations.

 

1 The respective exposure has fallen markedly since March 4, 2021. Firstly, repayments from the supply chain finance funds have already been made to the investors; second, the exposure has changed due to market fluctuations or changes in the portfolio allocation.

April 13, 2021

Letter to safekeeping account holders

Information on investment groups CSA Insurance Linked Strategies Side Pocket 1 / CSA Insurance Linked Strategies Fixed Side Pocket 1 (PDF DE)

March 30, 2021

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Winter storm US, NSW floods Australia and earthquake Japan – February / March 2021 (PDF EN)

March 22, 2021

CSA/CSA 2 exposure to the Credit Suisse supply chain finance funds

Media reports on the Credit Suisse supply chain finance funds have prompted the management of the two investment foundations (CSA and CSA 2) to review their exposure to these funds.

 

As of March 4, 2021, out of a total 54 investment groups, only two investment groups were indirectly exposed to the supply chain finance funds via a target fund.

 

These are the two investment groups with an additional focus on alternative investments:

 

CSA Mixta-BVG 15 Plus (security nos. 46.329.594; 43.663.719) with an asset value (as of March 4, 2021) of CHF 38,697,042.54 and an exposure of 0.38%1 and

CSA 2 Mixta-BVG 25 Plus (security nos. 11.217.285; 43.663.749) with an asset value (as of March 4, 2021) of CHF 105,373,578.28 and an exposure of 0.31%.1


All other investment groups of CSA and CSA 2 have no exposure to the Credit Suisse supply chain finance funds.

 

If you have any questions on the topic, please do not hesitate to contact the management of the Credit Suisse investment foundations.

 

1 Exposure can vary due to market fluctuations or changes in the portfolio allocation.

March 1, 2021

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Winter storm US – February 2021 (PDF EN)

March 1, 2021

Letter to safekeeping account holders

In order to reach the goal of "sustainability," some benchmark components in the index-managed mixed funds must be replaced with ESG indices. Furthermore, clarifications regarding the sustainable investment approach will be included in the notes to the investment guidelines. You can find detailed information on the changes in the following documents.

  • Letter to safekeeping account holders (PDF DE)
  • Changes to the investment guidelines (PDF DE)
  • Changes to the benchmark (PDF DE)

February 15, 2021

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Earthquake Japan – February 2021 (EN PDF)

December 31, 2020

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Investors in these investment groups were asked to vote on the creation of side-pocket investment groups and the associated changes to the prospectuses. Detailed information about the mechanics of side pockets was provided to investors ahead of the vote. In a conference call on December 8, 2020, investors had an opportunity to listen to the information given by management and the portfolio manager as well as ask any questions.

 

Management has examined the ballot papers received as of December 22, 2020 (postmark) and can announce the following results:

 

CSA Insurance Linked Strategies

 

The creation of a side-pocket investment group was approved

Valid votes received: 302'279.476

Voter participation: 77%

Votes for option 1: 99%

Votes for option 2: 1%

 

Investors decided in favor of the creation of a side-pocket investment group and approved the changes to the prospectus. Management will now initiate the creation of the side-pocket investment group. Redemptions submitted no later than November 10, 2020, will be processed as of January 31, 2021, in accordance with the redemption restrictions specified in the prospectus. Subscriptions will likewise be accepted again as of the end of January (closing date for subscriptions: January 16, 2021).

 

The result means that the updated prospectus was also approved and enters into force on December 22, 2020.
(PDF DE / PDF FR)

 

CSA Insurance Linked Strategies Fixed

 

The creation of a side-pocket investment group was approved

Valid votes received: 160'767.902

Voter participation: 93%

Votes for option 1: 100%

Votes for option 2: 0%

 

Investors decided in favor of the creation of a side-pocket investment group and approved the changes to the prospectus. Management will now initiate the creation of the side-pocket investment group. Redemptions submitted no later than November 10, 2020, will be processed as of January 31, 2021, in accordance with the redemption restrictions specified in the prospectus. Subscriptions will likewise be accepted again as of the end of January (closing date for subscriptions: January 16, 2021).

 

The result means that the new prospectus was also approved and enters into force on December 22, 2020.   
(PDF DE / PDF FR)

December 18, 2020

Benchmark adjustment for CSA Real Estate Germany

The investment group CSA Real Estate Germany has been managed in EUR since October 1, 2019, and was settled in EUR for the first time on December 31, 2019. Due to the change of reference currency from CHF to EUR, according to the Global Investment Performance Standards (GIPS) it is no longer possible to have a benchmark comparison with CHF-denominated investment groups (business real estate index of the Conference of Investment Foundation Managers [KGAST]).

 

Therefore, after consultation with the portfolio manager, management has decided to no longer reference this benchmark. Owing to the lack of viable alternatives, there will be no comparative benchmark mentioned in the future.

December 18, 2020

Sustainability reports from the CSA real estate investment groups

The CSA real estate investment groups take part in the Global Real Estate Sustainability Benchmark (GRESB) every year for the purposes of evaluating ESG compliance and achieved very good results:

  • CSA Real Estate Switzerland sustainability report (PDF DE)
  • CSA RES Residential sustainability report (PDF DE)
  • CSA RES Commercial sustainability report (PDF DE)
  • CSA Real Estate Germany sustainability report (PDF DE)

December 7, 2020 

CSA Energy Infrastructure Switzerland – Letter to safekeeping account holders adaptation of the prospectus

  • Qualification of the investment group as investment category "Infrastructure": The classification was carried out in consultation with OPSC and confirmed by the latter during the preliminary examination.
  • Credit Suisse Energy Infrastructure AG gets its own FINMA Licence and changes its name to “Energy Infrastructure Partners AG”

Letter to safekeeping account holders (PDF DE / PDF FR)

 

Prospectus CSA Energy Infrastructure Switzerland valid from 1 December 2020 (PDF DE / PDF FR)

December 4, 2020

Letter to safekeeping account holders

Amendment of prospectus and investment guidelines for the investment groups CSA Real Estate Switzerland, CSA RES Commercial and CSA RES Residential.

  • Letter to safekeeping account holders (PDF DE)
  • CSA investment guidelines valid from January 1, 2021 (PDF DE)
  • Prospectus CSA Real Estate Switzerland valid from January 1, 2021 (PDF DE)
  • Prospectus CSA Real Estate Switzerland valid from January 1, 2021 (version with tracked changes) (PDF DE)
  • Prospectus CSA RES Commercial valid from January 1, 2021 (PDF DE)
  • Prospectus CSA RES Commercial valid from January 1, 2021 (version with tracked changes) (PDF DE)
  • Prospectus CSA RES Residential valid from January 1, 2021 (PDF DE)
  • Prospectus CSA RES Residential valid from January 1, 2021 (version with tracked changes) (PDF DE)

December 4, 2020

Letter to safekeeping account holders

Amendment of prospectus and investment guidelines for the investment group CSA Real Estate Germany.

  • Letter to safekeeping account holders (PDF DE)
  • CSA investment guidelines valid from January 1, 2021 (PDF DE)
  • Prospectus CSA Real Estate Germany valid from January 1, 2021 (PDF DE)
  • Prospectus CSA Real Estate Germany valid from January 1, 2021 (with track changes) (PDF DE)

November 27, 2020

CSA Insurance Linked Strategies / Insurance Linked Strategies Fixed – Information re. investor vote on the creation of side pockets

Investor meeting (conference call): Tuesday, December 8, 2020

Votes to be cast by: Tuesday, December 22, 2020

 

CSA ILS:

 

CSA ILS Fixed:

 

Important note: The amended prospectuses will only enter into force on December 22, 2020, if the majority of the votes cast approve the creation of side pockets.

November 18, 2020

CSA/CSA 2 general meetings of investors held on November 17, 2020

During the two investor meetings, Mr. Corrado Tedeschi was elected as investor representative on the Board of Trustees of the Credit Suisse Investment Foundations for a shortened term of office of two years. The Board of Trustees of the two investment foundations now comprises seven investor representatives and three representatives of the founder.

 

In addition, the amendments to the Articles of Association and the foundation regulations, as proposed by the Board of Trustees, were adopted by the CSA/CSA 2 general meetings of investors. The new versions and the annual reports can be found in digital form on the websites of the Credit Suisse Investment Foundations in German and French.

October 23, 2020

Documents for the meetings of investors of the Credit Suisse Investment Foundations of November 17, 2020

  • CSA/CSA 2 invitation (PDF DE)
  • CSA annual report (PDF DE)
  • CSA 2 annual report (PDF DE)
  • CSA list of securities (PDF DE)
  • CSA 2 list of securities (PDF DE)
  • CSA/CSA 2 candidate profile (PDF DE)
  • CSA articles of foundation – final (PDF DE)
  • CSA articles of foundation – with commentary (PDF DE)
  • CSA regulations – final (PDF DE)
  • CSA regulations – with commentary (PDF DE)
  • CSA 2 articles of association – final (PDF DE)
  • CSA 2 articles of association – with commentary (PDF DE)
  • CSA 2 regulations – final (PDF DE)
  • CSA 2 regulations – with commentary (PDF DE)
  • Clarification of eligible investors for CSA 2 (PDF DE)
  • CSA presentation (PDF DE)
  • CSA 2 presentation (PDF DE)

October 20, 2020

Letter to safekeeping account holders

The investment groups CSA Euro Index and CSA 2 US Index were closed for subscriptions and redemptions as of October 20, 2020, and the liquidation proceedings have been initiated. For more details please see the letter to safekeeping account holders.

October 16, 2020

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

  • COVID-19 Update – October 2020 (PDF EN)
  • Uncertainty Scoring (PDF EN)

October 13, 2020

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Hurricane Delta, West Coast Wildfires, Storm Alex – October 2020 (PDF EN)

October 1, 2020

CSA 2 Private Equity – normalization of redemption modalities

The changes announced in the spring to the redemption modalities for CSA 2 Private Equity that were applied on the closing dates of June 30 and September 30, 2020, will be normalized with effect from the next closing date (December 31, 2020):

  • The net redemption of units will be increased from 2% to 4% of the currently outstanding units for each quarterly redemption date.
  • The redemption price will be increased from NAV – 5% to NAV – 1%.

October 1, 2020

Letter to safekeeping account holders

Amendment of prospectus of investment group CSA 2 Multi-Manager Real Estate Global (PDF DE)

September 28, 2020

CSA Real Estate Switzerland: Distributions for financial year 2019/20

The CSA Real Estate Switzerland investment group will pay out the distributions for financial year 2019/20 with a value date of October 22, 2020. The investors in the investment group will be informed by means of a custodian bank letter with dispatch date September 30, 2020 and will be given a choice between a distribution in claims (reinvestment at NAV) and a cash distribution.

September 24, 2020

Letter to safekeeping account holders

Information on investment groups CSA Insurance Linked Strategies/ CSA Insurance Linked Strategies Fixed (PDF DE)

September 18, 2020

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Hurricane Sally, Hurricane Laura, West Coast Wildfires – September 2020 (PDF EN)

August 27, 2020

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Hurricane Laura, California Wildfires – August 2020 (PDF EN)

August 21, 2020

Letter to safekeeping account holders

Temporary closure of the investment group CSA Equity Small & Mid Cap Switzerland

 

The investment group CSA Equity Small & Mid Cap Switzerland with both unit classes A (security number 1.039.194) and L (security number 3.181.053) remains closed for issue and redemptions between September 17, 2020 and September 21, 2020, inclusive. Owing to the closure, orders for the investment group placed between September 17 and September 21, 2020, will be transferred on September 22, 2020, and settled accordingly.

 

Letter to safekeeping account holders (PDF DE)

August 13, 2020

CSA Mortgages Switzerland – closure of daily subscription period

The investment group CSA Mortgages Switzerland has now been closed for subscriptions until further notice.

June 23, 2020

 Resumption of securities lending in the CSA/CSA2 investment groups: As of June 23, 2020, the securities lending program with Credit Suisse as Principal will be permitted again against appropriate collateral. Should the situation on the financial markets or that of the Principal deteriorate, securities lending would be suspended again.
(PDF DE)

June 18, 2020

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

  • Latest developments around COVID-19 – June 2020 (PDF EN)
  • Uncertainty Scoring (PDF EN)
  • Appendix (PDF EN)

June 17, 2020

Letter to safekeeping account holders

Revision to CSA and CSA 2 investment guidelines with regard to exceeding the limits on debtors and companies pursuant to Art. 54 and 54a BVV 2 and exceeding the category limits pursuant to Art. 55 BVV 2

 

As of July 1, 2020, new provisions on diversification apply for several investment groups in order to maintain appropriate transparency. Combined investment groups with a larger proportion of equities and alternative investments are also permitted now, provided this is explicitly indicated.

  • Letter to safekeeping account holders CSA (PDF DE)
  • Letter to safekeeping account holders CSA 2 (PDF DE)

June 15, 2020

Letter to safekeeping account holders

Benchmark adjustment in CSA 2 Mixta-BVG Index 25/35/45 investment groups

In the benchmark for these three investment groups, the weight of US Treasuries has increased significantly as compared to other creditors over the past few months. The Board of Trustees has thus decided to adjust the benchmarks and the respective investment ranges as of July 1, 2020
(PDF DE).

May 28, 2020

 General Meeting of Warteck Invest AG dated on May 27, 2020 
(PDF EN)

May 27, 2020

Letter to safekeeping account holders

Information on investment groups CSA Insurance Linked Strategies/ CSA Insurance Linked Strategies Fixed (PDF DE)

May 26, 2020

 General Meeting of Novavest Real Estate AG dated on May 25, 2020 
(PDF EN)

May 18, 2020

Letter to safekeeping account holders

Liquidation of the investment groups CSA Bonds EUR and CSA Bonds USD.

May 14, 2020

Closure of CSA Real Estate Switzerland Residential investment group

The CSA Real Estate Switzerland Residential investment group has reached its investment volume and will be closed again for subscriptions.

May 6, 2020

Opening of the investment group CSA Mortgages Switzerland

The investment group CSA Mortgages Switzerland will open on May 18, 2020 until further notice for subscriptions amounting to approximately CHF 100 million.

 

Letter to safekeeping account holders (PDF DE)

April 30, 2020

Opening of CSA Real Estate Switzerland Residential investment group

The management and the portfolio manager have taken a joint decision to open the CSA Real Estate Switzerland Residential investment group for subscriptions up to an investment volume of CHF 120 million.
  • Letter to investors (PDF DE)
  • Presentation on opening (PDF DE)
  • CSA Real Estate Switzerland Residential prospectus (PDF DE)
  • CSA membership application (PDF DE)

April 29, 2020

Letter to safekeeping account holders

Adaptation of the return modalities in the investment group CSA 2 Private Equity (PDF DE)

April 29, 2020

 General Meeting of Investis Holding SA dated on April 28, 2020
(PDF EN)

April 27, 2020

 General Meeting of Allreal Holding AG dated on April 24, 2020
(PDF EN)

April 24, 2020

 General Meeting of HIAG Immobilien Holding AG dated on April 23, 2020
(PDF EN)

April 10, 2020

 General Meeting of PLAZZA AG dated on April 09, 2020
(PDF EN)

April 9, 2020

 General Meeting of Fundamenta Real Estate AG dated on April 08, 2020
(PDF EN)

April 2, 2020

 General Meeting of Mobimo Holding AG dated on March 31, 2020
(PDF EN)

April 2, 2020

Letter to safekeeping account holders

Information on investment groups CSA Insurance Linked Strategies/ CSA Insurance Linked Strategies Fixed (PDF DE)

March 26, 2020

 General Meeting of Swiss Prime Site AG dated on March 24, 2020
(PDF EN)

March 16, 2020

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Coronavirus – March 2020  (PDF EN)

March 16, 2020

Information on asset management for the CSA Equity Linked Bonds investment group

Credit Suisse Asset Management (Switzerland) Ltd. and AgaNola AG are to build on their successful partnership in the convertible bonds area by combining their convertibles business under the name Credit Suisse Investment Partners (Switzerland) Ltd. To ensure stronger, more sustainable growth in the future, they will bring their expertise together under one roof at the end of March.
(PDF DE)

March 13, 2020

 Suspension of securities lending for Credit Suisse investment foundations: According to the securities lending concept approved by the Board of the Foundation, securities lending is suspended if the borrower's credit spread exceeds a predefined level. The level of the credit spread was exceeded on 12 March 2020. Therefore, the management immediately initiated the suspension of the securities lending business.
(PDF DE)

March 13, 2020

New cut-off times for subscriptions and redemptions

To give portfolio managers more time to make investment decisions, the cut-off times for subscriptions and redemptions in the Fund Selection investment groups will be changed with effect from April 1, 2020.
(PDF DE)

February 5, 2020

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Update on Coronavirus – February 2020 (PDF EN)

January 27, 2020

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Coronavirus in China – January 2020 (PDF EN)

January 20, 2020

CSA Insurance Linked Strategies/ CSA Insurance Linked Strategies Fixed

Due to valuation uncertainty in the target fund, the investment groups are closed for subscriptions and redemptions until further notice.

 

Redemption notifications that CSA receives in the meantime will be processed in the order in which they are received once the fund reopens, taking into account the restrictions described in the prospectus.

January 20, 2020

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Australia Bushfires – update - January 2020 (PDF EN)

January 13, 2020

 Extraordinary General Meeting of BFW Liegenschaften AG dated on January 10, 2020
(PDF EN)

 

January 10, 2020

 As part of a review of their product conditions, the Credit Suisse Investment Foundations have decided to make slight adjustments to the issuing premiums for certain indexed mixed funds in line with the economic environment with effect from February 3, 2020.
(PDF DE)

January 8, 2020

CSA Insurance Linked Strategies / CSA Insurance Linked Strategies Fixed

Australia Bushfires – January 2020 (PDF EN)