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Sanlam awards GBP 86 Million Short Dated Cash Mandate to Credit Suisse Asset Management

Credit Suisse Asset Management (CSAM), today announced it has been awarded an GBP 86 million short dated cash mandate from the multi-manager subsidiary of Sanlam, South Africa's second largest life, pensions and asset management company, through a competitive tender.

CSAM's short duration strategy objectives are to preserve principal, maintain liquidity and maximise return. The benchmark for the mandate will be the JP Morgan Constant Cash Maturity Index.

Jonathan Hayes, Head of Pooled Pension Funds, CSAM said:
"We are delighted to have secured this mandate win from Sanlam, which is testimony to the strength and expertise of our Fixed Income team. CSAM is committed to delivering superior performance for our clients and we look forward to working with Sanlam to meet their investment objectives."