Credit Suisse winding down Greensill-linked funds By Reuters

March 5, 2021 admin Stock News 0

© Reuters. FILE PHOTO: The Greensill Bank is pictured in downtown Bremen

ZURICH (Reuters) – Credit Suisse (SIX:) is winding down its supply chain finance funds which held most of their roughly $10 billion in notes backed by beleaguered Greensill Capital, it said on Friday.

“The fund boards have now decided to terminate the funds. Credit Suisse Asset Management’s priority is to ensure a balance between a timely liquidation of the funds and maximizing value for the investors,” it said in a statement.

It had suspended the funds on Monday.

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