Tag Archives: ubs


Offshore Hedge Fund Tax Shelter on the “White List”

West Palm Beach (HedgeCo.net) – The Organisation for Economic Cooperation and Development (OECD) added the Cayman Islands to its ‘white list’ of jurisdictions that  implement international tax standards for investors such as hedge funds and other alternative investors. Jeffrey Owens, […]

U.S. Confirms Criminal Cases Against UBS Clients

New York Times – The United States is building criminal cases against more than 150 American clients of UBS as part of a crackdown on tax evasion now made easier by a deal over access to secret account information. U.S. […]

UBS names Sclater to head Singapore prime broking

Reuters – UBS has named Alastair Sclater to the new post of head of its Singapore prime brokerage, as the Swiss bank aims to build that business in Asia’s second-biggest centre for hedge funds. Singapore, which competes with rival Asian […]

RPT-EXCLUSIVE-Costas launches boutique bank and a 2nd act

CNN Money – John Costas, who helped make UBS AG into one of the world’s biggest investment banks, wants to build a lasting Wall Street player — and put the 2007 demise of hedge fund Dillon Read Capital Management behind […]

Credit Suisse Asia grabs UBS prime brokerage head

Reuters Hong Kong – Credit Suisse on Wednesday said a top UBS AG prime brokerage banker will join the bank as head of prime services for Asia-Pacific, based in Hong Kong. Since 2007, Matt Pecot was the Americas head of […]

UBS could sell hedge fund unit to management

Reuters 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 […]

US to work with Switzerland on tax secrecy

AFP – The United States and Switzerland will begin negotiations to amend their bilateral income tax treaty to provide for improved transparency, the US Treasury Department said Monday. The announcement came following Group of 20 pledges last week to clean […]

IRS Offers Deal to Tax Evaders

New York (HedgeCo.Net) – Wealthy Americans who have been hoarding cash overseas and failing to pay Uncle Sam are getting a break, as the Internal Revenue Service unveils a plan that will greatly reduce their penalties. The idea comes a […]

UBS sees hedge fund assets shrinking

Reuters – Hedge fund assets will continue to shrink this year, falling as much as two-thirds from their 2007 peak, but investors will return and assets will rebound when the economy revives, Alex Ehrlich, global head of prime services at […]

Hedge Funds Buy Stocks for First Time Since October

Bloomberg – U.S. hedge funds are buying more of the nation’s stocks than they’re selling for the first time since October, while mutual funds and most other investors remain net sellers, according to UBS AG. In the four weeks ended […]

With Trial Looming, Fate of UBS Looks Grim

New York (HedgeCo.Net) – UBS may have until July 13 to “vigorously contest” the demands of the Internal Revenue Service to disclose the names associated with 52,000 offshore bank accounts, but the vice that the troubled Swiss bank is finding […]

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