Greensill collapse 'could damage investor confidence' in SCF funds
Greensill collapsed into insolvency in March after a group of investment funds it was relying on were abruptly suspended, as serious concerns emerged over weaknesses in the underlying programmes. Four of those funds, managed by Credit Suisse, had provided around US$10bn in support to the London-headquartered lender, while another from GAM Investments was worth around US$700mn. Fitch Ratings says the suspension and liquidation of those funds – along with industry concerns over controversial future receivables programmes – could result in spillover effects to the wider market. Credit Suis...
Source: gtreview.com