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Revealed: The fund houses taking a hit on Credit Suisse AT1 bonds as lawyers line up claims

Lawyers have already started discussions with Credit Suisse bondholders over potential legal action

Exclusive data reveals the fund houses taking some of the biggest hits after Swiss regulator's controversial ranking decision
Exclusive data reveals the fund houses taking some of the biggest hits after Swiss regulator's controversial ranking decision Photo: Getty Images/Alamy

Fidelity, Invesco, Lazard, Pimco and GAM are among the asset managers whose holdings in Credit Suisse bonds have been wiped out, as lawyers line up potential claims following the bank's landmark acquisition by UBS.

The asset managers run funds with some of the largest exposures to Credit Suisse's Additional Tier 1 bonds, according to data provided to Financial News by Morningstar.

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