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CS Euroreal Investors spark liquidation of $7.6 bln fund

Posted on 22 May 2012

Credit Suisse Group AG (CSGN) plans to liquidate its 6 billion-euro ($7.6 billion) German property mutual fund after investors tried to withdraw more money than the fund has available.
CS Euroreal will be wound up within five years, the Zurich- based bank’s German property-management unit said in a statement today. Two weeks ago, SEB Asset Management AG said it will liquidate a real-estate fund of about the same size because it couldn’t meet demand for repayments………………………………………..Full Article: Source


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