News
Update on subfunds of Credit Suisse Virtuoso SICAV-SIF
Payment of proceeds from the compulsory redemption from SCFFs* during their winding down to holders of side pocket shares
June 7, 2023
As communicated on March 31, 2021, the Board of Directors of the Umbrella “Credit Suisse Virtuoso SICAV-SIF” decided to create side pockets for each of the following funds:
- Credit Suisse (Lux) Multi Strategy Bond Fund
- Credit Suisse (Lux) Multi Strategy Alternative Fund
- Credit Suisse (Lux) Qatar Enhanced Short Duration Fund
- Credit Suisse (Lux) Institutional Target Volatility Fund EUR
The final cash payment from the side pocket of the Credit Suisse (Lux) Qatar Enhanced Short Duration Fund to the accounts of affected clients was made with value date November 15, 2022.
A cash payment of some of the proceeds from the remaining side pockets to the accounts of affected clients will be made with value date June 9, 2023, as follows:
Affected funds and share classes
| Fund name | Side pocket share class | Proceeds per share | ||
| Currency | ISIN | Valor no. | ||
| Credit Suisse (Lux) Multi Strategy Bond Fund | USD SP | LU2319534694 | 110542486 | USD 75.84 |
| Credit Suisse (Lux) Multi Strategy Alternative Fund | USD SP | LU2319534348 | 110542467 | USD 75.78 |
| Credit Suisse (Lux) Institutional Target Volatility Fund EUR | EUR SP | LU2319534850 | 110543504 | EUR 83.72 |
The remaining proceeds from the compulsory redemption of the SCFFs will be paid as soon as practicable in one or more instalments thereafter.
* “SCFFs” refers to the Credit Suisse Supply Chain Finance Funds. Please visit the link in “Further information about the SCFFs” below for more details.
Key dates
| Notice to shareholders | June 7, 2023 |
| Value date | June 9, 2023 |
Further information about the SCFFs
| Q&A | EN |