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Credit Suisse AM to distribute US$1.7 billion to investors in wind-down of supply chain finance funds

Credit Suisse Group HQ, Zurich

Credit Suisse Asset Management today announced its second cash distribution, of US$1.7 billion, to investors in the winding down of the four supply chain finance funds (SCFFs) that were suspended on 1 March. That brings the total distribution so far to US$4.8 billion. The bank said in a press release that as of last Friday, it had collected US$2 billion from…

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