UBS could sell hedge fund unit to management
Tuesday, April 21, 2009 : PermalinkReuters Zurich – UBS AG is considering selling all or part of its hedge funds business Alternative & Quantitative Investments in a management buyout, a Swiss newspaper reported on Tuesday.
Citing unnamed financial sources, the Neue Zuercher Zeitung said a management buyout offer for A&Q, or parts of it, was on the table, which the newspaper said would fit into the bank’s strategy of focusing the bank and cutting its risks.
Tags: amp, financial sources, investments, management buyout, neue zuercher zeitung, reuters, ubs, ubs-ag, zurich
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