Friday, 19 September 2014
Last updated 1 hour 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."
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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