The conversion of Credit Suisse's Incubator fund to create a multi-asset vehicle focusing on growth rather than income has seen roughly half its original portfolio culled.

The new Multi Asset Growth fund, managed in the UK by a multi-manager team headed by Aidan Kearney and Graham Duce, has retained BlackRock's £864m UK Absolute Alpha fund as well as the £482m Neptune European Opportunities and £32m Melchior Japan Advantage vehicles.