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asset management

Santander's asset management arm to launch trade finance fund
Business & Finance

Santander's asset management arm to launch trade finance fund

  • The fund - aimed at institutional and accredited investors - will primarily buy assets created by the banking group's trade finance business in transactions with its large corporate clients, the sources said.
  • The recent collapse of British supply chain finance company Greensill, however, has raised investor concerns on some of the risks involved and in some cases, the sector's lack of transparency.
Published 08 Apr, 2021 08:10pm
Credit Suisse winds down $10 billion Greensill-linked funds
Business & Finance

Credit Suisse winds down $10 billion Greensill-linked funds

  • The fund boards have now decided to terminate the funds. Credit Suisse Asset Management's priority is to ensure a balance between a timely liquidation of the funds and maximizing value for the investors.
  • Credit Suisse said the funds had experienced "reduced availability of insurance coverage for new investments", but declined to say if existing investments were protected.
Published 05 Mar, 2021 06:07pm
Credit Suisse suspends supply chain finance funds
Business & Finance

Credit Suisse suspends supply chain finance funds

  • 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".
  • Greensill, into which the SoftBank Vision Fund, part of Japan's Softbank Group, has invested around $1.5 billion in recent years, was not immediately available for comment.
Published 01 Mar, 2021 08:18pm
Allianz gets approval to set up insurance asset management firm in China
Markets

Allianz gets approval to set up insurance asset management firm in China

  • It also comes as China has fully opened up its giant financial sector, and is stepping up efforts to attract foreign investment amid tensions with the United States.
  • Allianz will set up the new entity through its China unit, Allianz (China) Insurance Holdings Co, which also owns a 51% stake in Allianz' Chinese life insurance venture.
Published 28 Jan, 2021 07:47pm