17.08.2010 - Credit Suisse extends freeze on Euroreal open-ended fund
From Propertyeu.info: Credit Suisse Asset Management said it is extending the suspension of withdrawals from its EUR 6.2 bn CS Euroreal open-ended investment fund 'to protect the interests of its long-term investors'. The suspension redemption will be initially prolonged 'for a further period of up to nine months', it added. CS Euroreal became the latest open-ended vehicle in May to impose a three-month redemption ban after proposed changes to the way German open-ended funds are regulated threw the market back into chaos, prompting a run on a number of funds, including SEB Immoinvest and Kanam Grundinvest..............................................Full Article: Source
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