Credit Suisse Asset Management suspends its supply chain finance funds
In order to protect the interests of all investors in the Credit Suisse supply chain finance funds, Credit Suisse Asset Management fund boards have suspended the redemptions and subscriptions in these funds. The Credit Suisse supply chain finance funds are only distributed to qualified investors.
It is the fiduciary responsibility of Credit Suisse Asset Management to act in the best interest of investors in its funds. A certain part of the Subfunds’ assets is currently subject to considerable uncertainties with respect to their accurate valuation. Therefore, to prevent any detriment to the Subfunds and their investors as might result from such valuation uncertainty, it has been decided to suspend the calculation of the Net Asset Value per Share as well as the issuance, redemption and conversion of Shares from or into the Subfunds with effect as of 1st March 2021.
Fund investors have been informed and will be provided with regular updates.
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Credit Suisse
Credit Suisse is one of the world’s leading financial services providers. Our strategy builds on Credit Suisse’s core strengths: its position as a leading wealth manager, its specialist investment banking capabilities and its strong presence in our home market of Switzerland. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. Credit Suisse employs approximately 48,770 people. The registered shares (CSGN) of Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
Disclaimer
This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any person to buy or sell any security. Any reference to past performance is not necessarily a guide to the future. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.
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