UBS to Liquidate CRE Fund after Investors Stampede For Exits
UBS is pulling the plug on a $2 billion commercial real estate fund that it inherited from the Credit Suisse merger after investors requested to withdraw funds en masse. Elsewhere AMD is buying server rack maker ZT Systems for $5B, Estee Lauder reported horrid results amid a consumer slowdown in China, and railroad workers in Canada could be on strike by week's end.
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