European banking giant, Credit Suisse, has made its first foray into the Fund of Ucits-III Hedge Funds arena with the launch of its Credit Suisse Solutions (Lux) Prima Multi-Strategy Fund. The fund, which Hedgeweek understands will be passported into several European markets over the coming months, is expected to launch with initial subscriptions north of EUR100 million and provide weekly liquidity. As its name suggests, multiple strategies will be explored including: Equities, Managed Futures, Fixed Income, Convertibles, Macro and Event Driven. Although unavailable to comment, Boris Arabadjiev (pictured), Head of CS fund of hedge fund management unit was quoted as saying: “We believe we can offer investors a compelling multi-strategy product that provides attractive risk adjusted returns through a UCITS III compliant vehicle.”