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German property fund CS Euroreal to be unwound

Posted on 22 May 2012

Credit Suisse Asset Management plans to unwind its German real estate fund CS Euroreal, worth close to 6 billion euros ($7.6 billion), because it does not have sufficient liquidity to pay back investors.
“The demands for redemptions far outweighed the original expectations. Therefore there is no alternative to liquidation,” fund manager Karl-Heinz Heuss said on Monday………………………………………..Full Article: Source


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