Credicorp Capital, an investment fund manager, announced the total purchase of the participation shares of its funds Credicorp Capital Factoring Soles and Credicorp Capital Factoring Dólares, at 100% of their value. This decision aims to support clients who invested in said funds, who were affected after the intervention and liquidation of Sartor, the Chilean manager that managed the investment vehicles where the capital was placed.
Recently, the Chilean Financial Market Commission (CMF) ordered the suspension of contributions, redemptions and payments of all funds managed by Sartor. This measure included the funds in which Credicorp Capital products were invested.
Following a complaint filed by Credicorp Capital, the CMF issued a resolution on December 20, 2024 that revoked Sartor’s authorization of existence and ordered the liquidation of the funds under its administration.
“Considering that our clients are always at the center of all our decisions, we have chosen not to make them wait for their investment and allow them to exit quickly and safely, through a purchase and sale of their total shares in the Credicorp Capital Factoring Soles and Credicorp Capital Factoring Dollars at 100% of their value, so no client will see their investment affected. This payment will be made within the next 45 days,” the manager detailed in a statement.
In addition, Credicorp Capital will assume the position of clients as creditors and will carry out all necessary legal actions so that the competent authorities severely sanction those responsible for this situation.
Finally, the manager thanked her clients for their patience and understanding in the face of the events that occurred.
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