UBS Prime Choice For Big New European Hedge Funds

Feb 23 2007 | 12:01pm 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

Hedge Fund Selection: Sussex Partners’ Patrick Ghali Bullish On The Best Of The Best

Oct 2 2014 | 5:56am ET

Ten years ago, Patrick Ghali and Robin Nydes co-founded Sussex Partners with the...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

September 2014 Cover

High frequency market making

High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.