UBS Prime Choice For Big New European Hedge Funds

Feb 23 2007 | 1:01pm ET

Call it a moral victory: UBS was the prime-broking pick of the biggest new hedge funds in Europe last year, as the Swiss bank hopes to establish itself in the space.

UBS last year added as prime brokerage clients 48 new European funds managing $8.3 billion, according the EuroHedge magazine. But it still only controls 4% of the European prime brokerage market, will its New York-based rivals, Goldman Sachs and Morgan Stanley, control a combined 42%. Still, the longest journey starts with single step, and UBS edge its foes’ new-fund totals in 2006, as Morgan Stanley won $7.3 billion from new European funds, and Goldman just $5.6 billion.

In terms of the number of new clients, however, UBS was left holding the short straw again: Morgan Stanley claimed 104 new clients on the continent, while Goldman won 95. UBS’ 48 trailed even Credit Suisse, which added 50.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...