UBS Liquidates Credit Suisse Real Estate Fund
UBS Fund Management Initiates Orderly Liquidation
UBS Fund Management, the Swiss fund management arm of banking giant UBS Group, has initiated an orderly liquidation of the Credit Suisse Real Estate Fund International. This fund, previously managed by Credit Suisse, holds real estate assets valued at over $2 billion.
Reasons for Liquidation
- Market volatility and uncertain economic outlook
- Need to protect investors' interests
- Aligning with UBS's strategic objectives
Impact on Investors
UBS has emphasized that the decision to liquidate the fund was made after careful consideration of the current market conditions and in the best interests of investors. The liquidation process will be managed in an orderly manner to minimize any potential negative impact on investors.
Next Steps
- UBS will work with Credit Suisse to facilitate the orderly liquidation of the fund.
- Investors will be kept informed throughout the process.
- UBS remains committed to providing clients with innovative and competitive investment solutions.
For further information, please contact:
UBS Media Relations: media@ubs.com
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