UBS Increases Hedge Fund Holdings

(Bloomberg) Hedge funds have had a bad rap of late with some investors questioning why they’re paying high fees for mediocre performance in recent years. But UBS upped the share of hedge funds in its global model portfolio to as much as 20 percent from 15 percent less than two years ago, according to Bloomberg News’s Klaus Wille. It’s worth listening — if only because UBS is the world’s biggest wealth manager with more than $2 trillion in assets.

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