About Us Press Release
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.