UBP Hedge Fund Advisory Chief, Ex-Alts. Head Out

Jun 17 2010 | 12:11pm ET

Union Bancaire Privée’s former head of alternative investments has left the firm.

Jan-Erik Frogg led the firm’s alts. practice through the Bernard Madoff scandal; UBP clients lost more than US$700 million in the Ponzi scheme. But Frogg was demoted last year to head of hedge fund advisory, with UBP bringing on Richard Wohanka as its new head of asset management and alternative investments to pick up the pieces.

UBP also planned to move most of its hedge fund business to New York from London and its Geneva headquarters, where Frogg was based.

Frogg's departure was first reported by Bloomberg News.

It is unclear what plans Frogg may have. He joined UBP from Agora Capital Management in 2004 after a stint at Goldman Sachs.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note