UBS to Liquidate CS Real Estate Fund Amid Property Market Woes

UBS Fund Management has decided to put the Credit Suisse Real Estate Fund International into an orderly liquidation as of Aug. 15, according to an emailed statement.

• Says portfolio valuations as of June 30 have decreased by an average of ~12% compared to the last published value as of Dec. 31, 2023
• To meet the outstanding 2023 redemptions would require the sale of the most liquid assets within the portfolio at an inopportune time in the real estate market, which would likely achieve results below the assets’ long-term intrinsic value
• All investors, whether having previously submitted a redemption request or ...