Tag Archives: ubs-ag


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 […]

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 […]

UBS Names Former Finance Minister Villiger Chairman

Bloomberg – UBS AG, Switzerland’s largest bank, nominated former Finance Minister Kaspar Villiger as chairman of its board of directors, replacing Peter Kurer after one year amid a probe into whether it helped wealthy Americans evade taxes. Kurer’s departure comes […]

Costas, Hutchins Said to Reunite For Firm After Failed UBS Fund

Bloomberg – John Costas and Michael Hutchins, are reuniting to start a financial services firm after running UBS AG’s hedge fund Dillon Read Capital Management LLC, according to people familiar with their plans. Costas, 52, took over UBS’s investment bank in […]

UBS to Pay $200 Million to Settle SEC Charges

New York (HedgeCo.Net) – UBS AG will pay $200 million to settle the SEC charges that the Swiss Bank acted as an unregistered broker-dealer and investment adviser. According to the original compliant, UBS helped certain U.S. individuals to set up […]

Hedge-Fund Assets Set to Drop $192 Billion by March, UBS Says

Bloomberg – Hedge-fund assets will likely drop by about $192 billion this quarter after the industry posted record losses in 2008, according to estimates by UBS AG. Global assets will likely fall to $1.215 trillion in the first quarter, said […]

Madoff Hedge Fund Shut Down by Luxembourg Regulators

West Palm Beach (HedgeCo.net) – Swiss bank UBS AG’s money manager, Luxalpha, was one of the main European hedge funds that gave money to US money manager Bernard Madoff, it is now being shut down by CSSF, Luxembourg’s financial supervisors. […]

Delphi sues hedge fund after backing out of deal

West Palm Beach (HedgeCo.Net) – One month after Appaloosa Management backed out of a $2.55 billion deal to help lift Delphi out of Chapter 11, the Troy auto parts supplier is suing the hedge fund for damages. "Our efforts to […]

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