UBS Group AG (NYSE:UBS) reportedly placed a real estate fund from its former competitor Credit Suisse, valued at over $2 billion, into “orderly liquidation.” UBS stated that the Credit Suisse Real Estate Fund International had total net assets of 1.88 billion Swiss francs ($2.17 billion) as of June, reported Reuters. The fund’s value had significantly declined throughout 2023, according to earlier reports from the bank. UBS stated that 36% of the fund’s total units in circulation in 2022 …
UBS Liquidates $2B Credit Suisse Real Estate Fund Amid Market Slump: Report
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