PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
Credit Suisse to re-open German RE fund; e420m inflows since closure
Swiss bank Credit Suisse is, as widely expected, to reopen its German open-end fund CS Euroreal to redemptions as of 30 June, saying that since its closure due to a run on capital withdrawals in October it has seen new inflows of a net e420m. As of late June, the fund, which has more than e6.8bn AUM, has built up liquidity of around e1.1bn or 16% of assets, and gross liquidity of e1.7bn. Despite the suspension of redemptions, investors have continued to buy units in large quantities.