Credit Suisse freezes four funds invested in supply chain finance

Credit Suisse freezes four funds invested in supply chain finance

News: Credit Suisse freezes four funds invested in supply chain finance.

ZURICH (Reuters) – Credit Suisse announced Thursday that it had frozen four funds in its wealth management unit that invested in its supply chain financing strategy as it grappled with the aftermath of the $ 10 billion fund collapse. USD in connection with the British financial services company Greensill disputed capital.

The funds concerned are the Credit Strategy (Lux) Multi Strategy Bond Fund and the Credit Suisse (Lux) Multi Strategy Alternative Fund, Credit Suisse (Lux) Qatar Enhanced Short Duration Fund and Credit Suisse (Lux) Institutional Target Volatility Fund. The decision went into effect on March 1, a Credit Suisse spokesman said in a statement sent by email.

Reporting by Oliver Hirt, letter by Silke Koltrowitz; Adaptation by Michael Shields

Original Source © Reuters

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