Credit Suisse’s asset management arm has launched a Systematic Trading Group to give clients access to hedge fund strategies that have little correlation to traditional markets, the Zurich-listed firm has said.

The group, which will offer dynamic asset allocation across a number of systematic strategies, will be managed by Mika Toikka, formerly the global head of risk and strategy for proprietary trading in Credit Suisse's investment bank. 

Initially, this group will oversee about $500 million of assets, including Credit Suisse’s own seed capital and some existing platforms run by the asset management business of the bank. The group will start with a team of 20 traders.

The Swiss bank has been keen to stress its “one-bank” business model through which clients at segments such as the private bank are given quick, efficient access to the services from across all groups, such as at the investment and asset banking arms.