Head of unconstrained and global fixed income among departures

Five Credit Suisse portfolio managers are leaving the bank to set up a new global macro fund at the alternatives platform of Lombard Odier Investment Managers, according to a person familiar with the matter.

The new fund, which will be a blend of discretionary and systematic strategies, is planned to launch in the third quarter as part of Lombard's 1798 alternatives platform, the person said.