off-the-wire

Credit Suisse winds down second Greensill-linked fund

Kitco Media
By Reuters
Published:
Updated:
Reuters

ZURICH, Feb 2 (Reuters) - Credit Suisse (CSGN.S) on Thursday announced it had completed the liquidation process of the second of its four funds linked to collapsed supply chain financing firm Greensill Capital.

A final payment scheduled for February 6 will bring the total amount returned to investors in Nova, the Luxembourg domiciled investment grade fund, to $256 million, which represents between 99.4% and 99.9% of the fund's total, depending on share class.

In November, Switzerland's second largest bank announced it had wound up its Liechtenstein Supply Chain Finance Fund.

Reporting by Noele Illien; editing by Jason Neely
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