Credit Suisse Asset Management has reduced fees for Class A shares of its Institutional Money Market Fund Prime Portfolio to 10 basis points from 15 basis points.

CSAM reduced the fees on the fund in February from 20 basis points to 15 basis points.

The fund is available to investors with at least $1 million.

"This new pricing structure on the Fund comes at an opportune time, when cash has become a focus of institutional investors," said Dennis Schaney, global head of CSAM's Fixed Income business, in a statement.  

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