UBS Fund Management in Switzerland has decided to put the Credit Suisse Real Estate Fund International into an orderly liquidation as of today, the bank said in a statement.

The decision was taken following a comprehensive evaluation of the options available and in order to preserve the interest of all investors, the statement added.

UBS acquired its longtime competitor last year in a rescue that was engineered by Swiss authorities when Credit Suisse collapsed after a string of financial setbacks and scandals

Yesterday UBS posted a quarterly profit twice as high as the market forecast, buoyed by investment banking and larger-than-expected savings from the integration of Credit Suisse.

https://www.rte.ie/news/business/2024/0815/1465081-credit-suisse-real-estate-fund-put-into-liquidation/

https://money.usnews.com/investing/news/articles/2024-08-15/credit-suisse-real-estate-fund-put-into-liquidation-ubs-says

https://www.reuters.com/business/finance/credit-suisse-real-estate-fund-put-into-liquidation-ubs-says-2024-08-15/

#HOLY MOLY 👀 




Credit Suisse Real Estate Fund International put into an orderly LIQUIDATION as of today, UBS says. The decision was taken following a comprehensive evaluation of all options available and in order to preserve the interest of all investors 🔥 