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	<title>Hedge Fund News From HedgeCo.Net &#187; ubs</title>
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	<description>Breaking Hedge Fund News</description>
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		<title>Offshore Hedge Fund Tax Shelter on the “White List”</title>
		<link>http://www.hedgeco.net/news/08/2009/offshore-hedge-fund-tax-shelter-on-the-%e2%80%9cwhite-list%e2%80%9d.html</link>
		<comments>http://www.hedgeco.net/news/08/2009/offshore-hedge-fund-tax-shelter-on-the-%e2%80%9cwhite-list%e2%80%9d.html#comments</comments>
		<pubDate>Tue, 25 Aug 2009 16:25:27 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[HedgeCo News]]></category>
		<category><![CDATA[accredited-investors]]></category>
		<category><![CDATA[cayman island]]></category>
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		<guid isPermaLink="false">http://www.hedgeco.net/news/?p=11345</guid>
		<description><![CDATA[West Palm Beach (HedgeCo.net) &#8211; The Organisation for Economic Cooperation and Development (OECD) added the Cayman Islands to its &#8216;white list&#8217; of jurisdictions that  implement international tax standards for investors such as hedge funds and other alternative investors. Jeffrey Owens, Director of the OECD&#8217;s Centre for Tax Policy and Administration, welcomed the signing of the [...]]]></description>
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		<title>After the Swiss tax deal, could hedge fund investors be next?</title>
		<link>http://www.hedgeco.net/news/08/2009/after-the-swiss-tax-deal-could-hedge-fund-investors-be-next.html</link>
		<comments>http://www.hedgeco.net/news/08/2009/after-the-swiss-tax-deal-could-hedge-fund-investors-be-next.html#comments</comments>
		<pubDate>Tue, 25 Aug 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[account details]]></category>
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		<description><![CDATA[Marketwatch &#8211; The IRS last week reached an agreement with the Swiss government and UBS AG that will result in thousands of Americans who thought they had a secret Swiss bank account having their names and account details turned over to U.S. tax authorities. Former UBS banker Bradley Birkenfeld was sentenced to 40 months incarceration [...]]]></description>
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		<title>U.S. Confirms Criminal Cases Against UBS Clients</title>
		<link>http://www.hedgeco.net/news/08/2009/us-confirms-criminal-cases-against-ubs-clients.html</link>
		<comments>http://www.hedgeco.net/news/08/2009/us-confirms-criminal-cases-against-ubs-clients.html#comments</comments>
		<pubDate>Wed, 19 Aug 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[american clients]]></category>
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		<description><![CDATA[New York Times &#8211; 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. prosecutors gave their first official confirmation of the initial number of criminal investigations in a [...]]]></description>
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		<slash:comments>1</slash:comments>
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		<title>UBS names Sclater to head Singapore prime broking</title>
		<link>http://www.hedgeco.net/news/08/2009/ubs-names-sclater-to-head-singapore-prime-broking.html</link>
		<comments>http://www.hedgeco.net/news/08/2009/ubs-names-sclater-to-head-singapore-prime-broking.html#comments</comments>
		<pubDate>Wed, 12 Aug 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
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		<description><![CDATA[Reuters &#8211; 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&#8217;s second-biggest centre for hedge funds. Singapore, which competes with rival Asian financial centre Hong Kong, has attracted asset managers, private banks and hedge funds in recent [...]]]></description>
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		<title>RPT-EXCLUSIVE-Costas launches boutique bank and a 2nd act</title>
		<link>http://www.hedgeco.net/news/07/2009/rpt-exclusive-costas-launches-boutique-bank-and-a-2nd-act.html</link>
		<comments>http://www.hedgeco.net/news/07/2009/rpt-exclusive-costas-launches-boutique-bank-and-a-2nd-act.html#comments</comments>
		<pubDate>Mon, 27 Jul 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
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		<guid isPermaLink="false"></guid>
		<description><![CDATA[CNN Money &#8211; John Costas, who helped make UBS AG into one of the world&#8217;s biggest investment banks, wants to build a lasting Wall Street player &#8212; and put the 2007 demise of hedge fund Dillon Read Capital Management behind him. Costas and long-time partner Michael Hutchins have launched The PrinceRidge Group, a boutique broker-dealer [...]]]></description>
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		<title>Credit Suisse Asia grabs UBS prime brokerage head</title>
		<link>http://www.hedgeco.net/news/05/2009/credit-suisse-asia-grabs-ubs-prime-brokerage-head.html</link>
		<comments>http://www.hedgeco.net/news/05/2009/credit-suisse-asia-grabs-ubs-prime-brokerage-head.html#comments</comments>
		<pubDate>Wed, 27 May 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
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		<description><![CDATA[Reuters Hong Kong &#8211; 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 prime brokerage services for UBS, having held a similar Asia-Pacific role with UBS from 2004 [...]]]></description>
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		<title>UBS could sell hedge fund unit to management</title>
		<link>http://www.hedgeco.net/news/04/2009/ubs-could-sell-hedge-fund-unit-to-management.html</link>
		<comments>http://www.hedgeco.net/news/04/2009/ubs-could-sell-hedge-fund-unit-to-management.html#comments</comments>
		<pubDate>Tue, 21 Apr 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[amp]]></category>
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		<description><![CDATA[Reuters Zurich &#8211; UBS AG is considering selling all or part of its hedge funds business Alternative &#38; 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&#38;Q, or parts of it, was on the table, which the [...]]]></description>
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		<title>US to work with Switzerland on tax secrecy</title>
		<link>http://www.hedgeco.net/news/04/2009/us-to-work-with-switzerland-on-tax-secrecy.html</link>
		<comments>http://www.hedgeco.net/news/04/2009/us-to-work-with-switzerland-on-tax-secrecy.html#comments</comments>
		<pubDate>Tue, 07 Apr 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[berne switzerland]]></category>
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		<description><![CDATA[AFP &#8211; 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 up tax havens and fight tax fraud and as bilateral relations have been strained by [...]]]></description>
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		<title>IRS Offers Deal to Tax Evaders</title>
		<link>http://www.hedgeco.net/news/03/2009/irs-offers-deal-to-tax-evaders.html</link>
		<comments>http://www.hedgeco.net/news/03/2009/irs-offers-deal-to-tax-evaders.html#comments</comments>
		<pubDate>Fri, 27 Mar 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[HedgeCo News]]></category>
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		<description><![CDATA[New York (HedgeCo.Net) &#8211; 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 month after UBS was charged with helping thousands of American clients hide over $15 billion [...]]]></description>
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		<title>UBS sees hedge fund assets shrinking</title>
		<link>http://www.hedgeco.net/news/03/2009/ubs-sees-hedge-fund-assets-shrinking.html</link>
		<comments>http://www.hedgeco.net/news/03/2009/ubs-sees-hedge-fund-assets-shrinking.html#comments</comments>
		<pubDate>Tue, 24 Mar 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<description><![CDATA[Reuters &#8211; 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 Swiss bank UBS, said on Monday. Last year was the hedge fund industry&#8217;s worst ever, [...]]]></description>
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		<title>Hedge Funds Buy Stocks for First Time Since October</title>
		<link>http://www.hedgeco.net/news/03/2009/hedge-funds-buy-stocks-for-first-time-since-october.html</link>
		<comments>http://www.hedgeco.net/news/03/2009/hedge-funds-buy-stocks-for-first-time-since-october.html#comments</comments>
		<pubDate>Fri, 20 Mar 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<description><![CDATA[Bloomberg &#8211; U.S. hedge funds are buying more of the nation&#8217;s stocks than they&#8217;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 March 13, net purchases of equities by hedge fund clients of UBS averaged $140 million, [...]]]></description>
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		<title>With Trial Looming, Fate of UBS Looks Grim</title>
		<link>http://www.hedgeco.net/news/03/2009/with-trial-looming-fate-of-ubs-looks-grim.html</link>
		<comments>http://www.hedgeco.net/news/03/2009/with-trial-looming-fate-of-ubs-looks-grim.html#comments</comments>
		<pubDate>Tue, 03 Mar 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<description><![CDATA[New York (HedgeCo.Net) &#8211; UBS may have until July 13 to &#8220;vigorously contest&#8221; 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 themselves in is getting tighter by the day.&#160; Tales of tax evasion, secrecy, greed, and [...]]]></description>
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		<title>Costas, Hutchins Said to Reunite For Firm After Failed UBS Fund</title>
		<link>http://www.hedgeco.net/news/02/2009/costas-hutchins-said-to-reunite-for-firm-after-failed-ubs-fund.html</link>
		<comments>http://www.hedgeco.net/news/02/2009/costas-hutchins-said-to-reunite-for-firm-after-failed-ubs-fund.html#comments</comments>
		<pubDate>Wed, 25 Feb 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<category><![CDATA[financial services firm]]></category>
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		<category><![CDATA[john costas]]></category>
		<category><![CDATA[losses]]></category>
		<category><![CDATA[michael hutchins]]></category>
		<category><![CDATA[proprietary-trading]]></category>
		<category><![CDATA[ubs]]></category>
		<category><![CDATA[ubs-ag]]></category>
		<category><![CDATA[zurich]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Bloomberg -&#160;John Costas and Michael Hutchins, are reuniting to start a financial services firm after running UBS AG&#8217;s hedge fund Dillon Read Capital Management LLC, according to people familiar with their plans. Costas, 52, took over UBS&#8217;s investment bank in 2001 and spun off the proprietary trading desk to form Dillon Read in 2005. Zurich-based [...]]]></description>
		<wfw:commentRss>http://www.hedgeco.net/news/02/2009/costas-hutchins-said-to-reunite-for-firm-after-failed-ubs-fund.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>UBS to Pay $200 Million to Settle SEC Charges</title>
		<link>http://www.hedgeco.net/news/02/2009/ubs-to-pay-200-million-to-settle-sec-charges.html</link>
		<comments>http://www.hedgeco.net/news/02/2009/ubs-to-pay-200-million-to-settle-sec-charges.html#comments</comments>
		<pubDate>Thu, 19 Feb 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[HedgeCo News]]></category>
		<category><![CDATA[accredited-investors]]></category>
		<category><![CDATA[billions of dollars]]></category>
		<category><![CDATA[broker-dealer]]></category>
		<category><![CDATA[criminal-charges]]></category>
		<category><![CDATA[department of justice]]></category>
		<category><![CDATA[deputy director]]></category>
		<category><![CDATA[hedgeco]]></category>
		<category><![CDATA[illegal conduct]]></category>
		<category><![CDATA[investment-adviser]]></category>
		<category><![CDATA[sec-charges]]></category>
		<category><![CDATA[securities-laws]]></category>
		<category><![CDATA[sister-sites]]></category>
		<category><![CDATA[sporting events]]></category>
		<category><![CDATA[swiss bank accounts]]></category>
		<category><![CDATA[ubs]]></category>
		<category><![CDATA[ubs-ag]]></category>
		<category><![CDATA[yacht]]></category>

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		<description><![CDATA[New York (HedgeCo.Net) &#8211; 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 and maintain undisclosed Swiss bank accounts, which enabled these clients to evade U.S. taxes.&#160; In [...]]]></description>
		<wfw:commentRss>http://www.hedgeco.net/news/02/2009/ubs-to-pay-200-million-to-settle-sec-charges.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>UBS sees 35 percent drop in hedge fund assets</title>
		<link>http://www.hedgeco.net/news/02/2009/ubs-sees-35-percent-drop-in-hedge-fund-assets.html</link>
		<comments>http://www.hedgeco.net/news/02/2009/ubs-sees-35-percent-drop-in-hedge-fund-assets.html#comments</comments>
		<pubDate>Tue, 17 Feb 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[decline]]></category>
		<category><![CDATA[first quarter]]></category>
		<category><![CDATA[fund-assets]]></category>
		<category><![CDATA[global assets]]></category>
		<category><![CDATA[global-head]]></category>
		<category><![CDATA[hedge-fund-research]]></category>
		<category><![CDATA[leverage]]></category>
		<category><![CDATA[reuters]]></category>
		<category><![CDATA[singapore hedge funds]]></category>
		<category><![CDATA[timothy bell]]></category>
		<category><![CDATA[trillion]]></category>
		<category><![CDATA[ubs]]></category>
		<category><![CDATA[ubs wealth management]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Reuters &#8211; Global assets of hedge funds may drop to $1.2 trillion by the end of the first quarter, down 35 percent from 2007 as the number of managers decline and funds rely less on strategies that use leverage, a UBS executive said on Tuesday. &#34;We are gonna see a reduction in hedge fund assets, [...]]]></description>
		<wfw:commentRss>http://www.hedgeco.net/news/02/2009/ubs-sees-35-percent-drop-in-hedge-fund-assets.html/feed</wfw:commentRss>
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		</item>
		<item>
		<title>Hedge-Fund Assets Set to Drop $192 Billion by March, UBS Says</title>
		<link>http://www.hedgeco.net/news/02/2009/hedge-fund-assets-set-to-drop-192-billion-by-march-ubs-says.html</link>
		<comments>http://www.hedgeco.net/news/02/2009/hedge-fund-assets-set-to-drop-192-billion-by-march-ubs-says.html#comments</comments>
		<pubDate>Tue, 17 Feb 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[192]]></category>
		<category><![CDATA[correlation]]></category>
		<category><![CDATA[estimates]]></category>
		<category><![CDATA[first quarter]]></category>
		<category><![CDATA[fourth-quarter]]></category>
		<category><![CDATA[fund investors]]></category>
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		<category><![CDATA[global assets]]></category>
		<category><![CDATA[london]]></category>
		<category><![CDATA[management unit]]></category>
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		<category><![CDATA[timothy bell]]></category>
		<category><![CDATA[trillion]]></category>
		<category><![CDATA[ubs]]></category>
		<category><![CDATA[ubs-ag]]></category>
		<category><![CDATA[wealth management]]></category>

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		<description><![CDATA[Bloomberg &#8211; 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 Timothy Bell, London-based head of hedge- funds advisory at UBS&#8217;s wealth management unit. Hedge-fund investors [...]]]></description>
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		</item>
		<item>
		<title>Madoff Hedge Fund Shut Down by Luxembourg Regulators</title>
		<link>http://www.hedgeco.net/news/02/2009/madoff-hedge-fund-shut-down-by-luxembourg-regulators.html</link>
		<comments>http://www.hedgeco.net/news/02/2009/madoff-hedge-fund-shut-down-by-luxembourg-regulators.html#comments</comments>
		<pubDate>Wed, 04 Feb 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[HedgeCo News]]></category>
		<category><![CDATA[accredited-investors]]></category>
		<category><![CDATA[assets]]></category>
		<category><![CDATA[board members]]></category>
		<category><![CDATA[committed suicide]]></category>
		<category><![CDATA[cssf luxembourg]]></category>
		<category><![CDATA[feeder]]></category>
		<category><![CDATA[hedgeco]]></category>
		<category><![CDATA[investment-fund]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[money manager]]></category>
		<category><![CDATA[palm-beach]]></category>
		<category><![CDATA[private-investor]]></category>
		<category><![CDATA[swiss bank]]></category>
		<category><![CDATA[ubs]]></category>
		<category><![CDATA[ubs-ag]]></category>

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		<description><![CDATA[West Palm Beach (HedgeCo.net) &#8211; Swiss bank UBS AG&#8217;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&#8217;s financial supervisors. The Luxalpha assets were frozen in January, in what appears to be the first court [...]]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Former UBS Exec Declared a Fugitive by South Florida Judge</title>
		<link>http://www.hedgeco.net/news/01/2009/former-ubs-exec-declared-a-fugitive-by-south-florida-judge.html</link>
		<comments>http://www.hedgeco.net/news/01/2009/former-ubs-exec-declared-a-fugitive-by-south-florida-judge.html#comments</comments>
		<pubDate>Wed, 14 Jan 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[HedgeCo News]]></category>
		<category><![CDATA[accredited-investors]]></category>
		<category><![CDATA[business man]]></category>
		<category><![CDATA[courtroom]]></category>
		<category><![CDATA[fugitive]]></category>
		<category><![CDATA[global-wealth]]></category>
		<category><![CDATA[hedgeco]]></category>
		<category><![CDATA[internal revenue service]]></category>
		<category><![CDATA[james cohn]]></category>
		<category><![CDATA[judge james]]></category>
		<category><![CDATA[management unit]]></category>
		<category><![CDATA[private-banking]]></category>
		<category><![CDATA[raoul]]></category>
		<category><![CDATA[sister-sites]]></category>
		<category><![CDATA[swiss bank accounts]]></category>
		<category><![CDATA[ubs]]></category>
		<category><![CDATA[wealth management]]></category>
		<category><![CDATA[wealthy individuals]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[New York (HedgeCo.Net) &#8211; U.S. authorities have officially declared Raoul Weil, formerly of UBS, a fugitive.&#160; The one-time prominent business man and former chairman of UBS&#8217;s global wealth management unit, failed to surrender to police after being charged with aiding wealthy individuals in hiding their assets from the Internal Revenue Service. According to the original [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>BlueGold, Clive Capital Beat Most Hedge Funds in Commodity Rout</title>
		<link>http://www.hedgeco.net/news/12/2008/bluegold-clive-capital-beat-most-hedge-funds-in-commodity-rout.html</link>
		<comments>http://www.hedgeco.net/news/12/2008/bluegold-clive-capital-beat-most-hedge-funds-in-commodity-rout.html#comments</comments>
		<pubDate>Tue, 30 Dec 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[1-billion]]></category>
		<category><![CDATA[barclays]]></category>
		<category><![CDATA[barclays capital]]></category>
		<category><![CDATA[bear market]]></category>
		<category><![CDATA[bloomberg]]></category>
		<category><![CDATA[capital-management]]></category>
		<category><![CDATA[cmci]]></category>
		<category><![CDATA[commodities]]></category>
		<category><![CDATA[crb index]]></category>
		<category><![CDATA[decline]]></category>
		<category><![CDATA[jefferies]]></category>
		<category><![CDATA[levett]]></category>
		<category><![CDATA[months-of-the-year]]></category>
		<category><![CDATA[oil prices]]></category>
		<category><![CDATA[raw materials]]></category>
		<category><![CDATA[reuters]]></category>
		<category><![CDATA[second-quarter]]></category>
		<category><![CDATA[stocks and bonds]]></category>
		<category><![CDATA[ubs]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Bloomberg &#8211; The biggest-ever decline in commodities turned Pierre Andurand and Chris Levett into this year&#8217;s heroes for investors. Andurand&#8217;s $1.1 billion BlueGold Capital Management LLP hedge fund in London almost tripled between its February debut and November by betting on higher oil prices in the first half of 2008 and then reversing the strategy, [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Road to hedge fund riches is rockier now</title>
		<link>http://www.hedgeco.net/news/05/2008/road-to-hedge-fund-riches-is-rockier-now.html</link>
		<comments>http://www.hedgeco.net/news/05/2008/road-to-hedge-fund-riches-is-rockier-now.html#comments</comments>
		<pubDate>Wed, 28 May 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[default-status]]></category>
		<category><![CDATA[dow-jones]]></category>
		<category><![CDATA[dumpster]]></category>
		<category><![CDATA[fourth-quarter]]></category>
		<category><![CDATA[fund-specialist]]></category>
		<category><![CDATA[housing-market]]></category>
		<category><![CDATA[investment-arm]]></category>
		<category><![CDATA[investment-partners]]></category>
		<category><![CDATA[journalism]]></category>
		<category><![CDATA[losses]]></category>
		<category><![CDATA[merrill-lynch]]></category>
		<category><![CDATA[nutmeg]]></category>
		<category><![CDATA[ubs]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Reuters) &#8211; Starting a hedge fund was long considered the road to riches for money managers, but the path has become much rockier in the last months. &#34;It is materially harder to start a hedge fund today than it was two or five years ago,&#34; said David Bailin, who heads Bank of America Corp&#8217;s alternative [...]]]></description>
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