# Credit Suisse Anlagestiftung 2. Säule (CSA 2)

Credit Suisse Anlagestiftung 2. Säule (CSA 2) is a Pension Fund based in Zurich, Switzerland.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Zurich, Switzerland
- **Region:** Europe
- **Address:** Zurich, Switzerland
- **Founded:** 2006
- **Assets under management:** Undisclosed
- **Website:** csa2.ch
- **LinkedIn:** linkedin.com/company/credit-suisse-anlagestiftung

## Regulatory record

- **Reports private funds:** No

## About

Credit Suisse Anlagestiftung 2. Säule — commonly shortened to CSA 2 — was established as a tax-exempt investment foundation under Swiss law, created specifically to serve the investment needs of Swiss occupational pension funds governed by the second pillar. Unlike a single-family office, CSA 2 pools capital from multiple unaffiliated pension schemes, including the Pensionskasse der Credit Suisse for its 1e plan. The foundation is now linked to UBS Group AG following the 2023 merger, though its governance remains separate through its own Board of Trustees. CSA 2 concentrates overwhelmingly on direct real estate, structured into discrete investment groups. Its domestic vehicle, CSA 2 Real Estate Switzerland, targets mixed-use properties, while separate mandates cover commercial real estate in Germany and a broader global allocation via the CSA 2 Multi-Manager Real Estate Global group. The foundation also maintains a dedicated gold exposure vehicle, a notable allocation for a pension-focused platform. Board member Raymond Rüttimann — concurrently Head of Real Estate at Credit Suisse Asset Management — provides a direct link between the foundation's governance and institutional real estate management. Total assets under management are not publicly disclosed by the foundation, and no aggregate deployment figure has been published. CSA 2 is a member of KGAST, the Swiss association of investment foundation managers, which imposes structural standards and reporting disciplines on its members. The foundation also engages with VIS Verband Immobilien Schweiz, reflecting the board's real estate concentration and the asset class's centrality to the portfolio. Structurally, CSA 2 operates as a collective investment foundation — a Swiss legal form that is neither a traditional pension fund nor a commercial asset manager. It pools assets from multiple second-pillar pension schemes, offering them cost-efficient access to real estate and alternative exposures they could not easily build alone. This mutualized model is inherently different from a single-family office, though the governance concentration in real estate specialists and the gold sleeve make it distinct among Swiss Anlagestiftungen.

## Sectors

- Real Estate
- Infrastructure

## People

- Jürg Roth — Member of the Board of Trustees
- Raymond Rüttimann — Member of the Board of Trustees

## Questions

### What real estate markets does CSA 2 invest in?

CSA 2 runs dedicated investment groups for Swiss mixed-use real estate, German commercial property, and global real estate through a multi-manager program. The domestic Swiss portfolio is the core, while the German mandate and global sleeve provide geographic diversification. The foundation does not publish specific property names or portfolio valuations publicly.

### How is CSA 2 related to the Pensionskasse der Credit Suisse?

The Pensionskasse der Credit Suisse is a separate entity — the actual pension fund for Credit Suisse employees — and serves as CSA 2's primary client, using its investment groups for the 1e plan. CSA 2 is the investment foundation that manages the pooled assets, while the Pensionskasse is the pension scheme that allocates member and employer contributions into those investment groups.

### Who governs CSA 2, and how are they connected to Credit Suisse?

The Board of Trustees includes Jürg Roth and Raymond Rüttimann, the latter of whom also serves as Head of Real Estate at Credit Suisse Asset Management. This dual role creates a direct governance link between the foundation and the asset management arm of the bank. KGAST membership imposes governance standards, but specific board composition beyond these named members is not publicly detailed.

## Related profiles

- [Credit Suisse](https://altss.com/profile/credit-suisse)
- [Credit Suisse Hedging-Griffo](https://altss.com/profile/credit-suisse-hedging-griffo)

---

Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/credit-suisse-anlagestiftung-2-s-ule-csa-2

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology