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UBS offers to redeem Greensill funds at 90% of asset value

UBS is working to resolve the big issues that hit its former rival

UBS is looking to draw a line under Credit Suisse’s ties to Greensill
UBS is looking to draw a line under Credit Suisse’s ties to Greensill Photo: Chris J. Ratcliffe via Getty Images

UBS has offered investors in the Greensill Capital funds linked to Credit Suisse the vast majority of their money back as it looks to sort through the issues linked to its former Swiss rival.

UBS said that it would redeem fund units at a net asset value of 90% as at 25 February 2021. The offer started on Monday and runs until 31 July.

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