UBS Group has stated it will refund a substantial portion of investments to investors in Credit Suisse funds connected to the Greensill Capital collapse, addressing the legacy issues of its former competitor.
Investors in the Credit Suisse Supply Chain Finance Funds, linked to the collapse of Greensill Capital, will be offered a redemption at 90 per cent of the net asset value on Feb 25, 2021, UBS said in a statement on Monday (Jun 17). The offer commenced on Monday and runs until Jul 31.