| 22.05.2012 - German property fund CS Euroreal to be unwound |
| 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 |