Credit Suisse to liquidate the CS Euroreal Property Fund (Fund News)
Credit Suisse Group AG plans to liquidate its €6bn German property mutual fund after investors tried to withdraw more money than the fund has available. Credit Suisse Asset Management opened CS Euroreal for redemptions on May 9 after the fund had been frozen for the past two years.
Investors put more money into Hedge Funds (Fund News)
Investors grappling with volatile financial markets increased their investments in hedge funds over the past month, data from hedge fund administrator GlobeOp shows, indicating renewed confidence in their abilities to cash in on turbulent asset pricing.
Financier Chris Ruffle under investigation over alleged £5m fraud (Fund News)
Chris Ruffle, who helped run the Chinese joint venture of international investment firm Martin Currie Investment Management, is understood to be under investigation over the "fraudulent" use of client funds. The potential action against Mr Ruffle emerged as Martin Currie agreed to pay a record $14m fine for its part in the scandal.