The asset management arm of Credit Suisse will shell out $1.7bn in its next round of payments to investors caught up in four supply chain finance funds it was forced to shutter last month, adding to the $3.1bn it has already distributed.

Credit Suisse Asset Management said that as of 9 April, it had collected $2bn from receiveables it had redeemed since the start of March, boosting the cash position across the four funds to $5.4bn, which includes payments already made to investors. This total represents more than half of the total assets under management across the four funds at the time of their suspension in March, Credit Suisse said.