UBS Splits Hedge Fund Unit In Two

Aug 22 2013 | 1:45pm ET

UBS Global Asset Management is shaking up its hedge fund platform.

The firm said today that its alternative and quantitative investments platform will be split into two separate business areas with immediate effect. The first will be the multi-manager and hedge fund advisory business, which will be called the Alternative Investment Solutions group. The second unit—the single manager hedge fund business—will simply be called O'Connor.

The Alternative Investment Solutions (AIS) business—one of the largest investors in hedge funds in the world, according to InvestHedge, will be led by Bill Ferri. Under Ferri’s leadership, AIS will be expanded to include additional entrepreneurial businesses in the alternatives arena.

Dawn Fitzpatrick will assume full leadership of O'Connor, in addition to her current role as CIO. Fitzpatrick will become a member of the Global Asset Management Executive Committee, reporting to John Fraser, Chairman and CEO of UBS Global Asset Management.

According to John Fraser, "the move allows each business to operate as distinct entrepreneurial boutiques – something that is increasingly important for our clients." He added, "it also provides focused leadership to drive the further growth of these successful alternatives businesses, a key strategic priority for UBS Global Asset Management."

UBS Global Asset Management has invested assets totaling $621 billion. The firm is one of the largest fund of hedge funds and real estate investment managers in the world.

AIS, the multi-manager and hedge fund advisory business, currently has assets under management of $25.4 billion. Its teams are located in Stamford, Conn., New York, London, Zurich, Hong Kong and Tokyo.

The O’Connor business is dedicated to absolute return investment management and manages in excess of $5.2 billion in non-traditional strategies. O'Connor has offices in Chicago, London, New York, Hong Kong and Singapore.


In Depth

Q&A: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm...

Lifestyle

Griffin Selling Chicago Apartment

Nov 26 2014 | 11:40am ET

Citadel Investment Group’s Kenneth Griffin is making clear to his estranged wife...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

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.