Friday, 26 December 2014
Last updated 1 day ago
Oct 25 2011 | 8:53am ET
UBS has denied a report that it could cut two of its largest alternative investment businesses.
According to Reuters, the Swiss bank is mulling a plan that would do away with its its private equity placement business and UBS-O'Connor, its asset management business' hedge fund arm, as it seeks to scale back its operations in the wake of a US$2.3 billion rogue trading scandal. The bank may also reduce its presence outside Europe, including in the United States.
But UBS spokesman Torie van Alt called dismissed the report as "rumors" that are "categorically untrue."
"We are not closing either our Private Funds Group or O'Connor business."
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.