Credit Suisse suspends $10-billion supply chain finance funds

The asset management arm of Zurich-based Credit Suisse said on Monday it has suspended redemptions from its $10 billion supply chain finance funds over concerns about the value of the funds' investments.
 

In a note to investors, Credit Suisse Asset Management said that "a certain part of the subfunds' assets is currently subject to considerable uncertainties with respect to their accurate valuation".
 

London-based Greensill Capital helps manage the supply chain finance funds, originating and processing the credits which go into the funds and helping to secure investors.
 

Greensill, into which the SoftBank Vision Fund, part of Japan's Softbank Group, has