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	<title>Hedge Fund News From HedgeCo.Net &#187; union bancaire privee</title>
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		<title>UBP to Cut 10% of Workforce This Year as Client Assets Decline</title>
		<link>http://www.hedgeco.net/news/08/2009/ubp-to-cut-10-of-workforce-this-year-as-client-assets-decline.html</link>
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		<pubDate>Wed, 26 Aug 2009 12:28:21 +0000</pubDate>
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		<category><![CDATA[bernard madoff]]></category>
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		<description><![CDATA[Bloomberg &#8211; Union Bancaire Privee, the Swiss hedge-fund investor whose clients lost about $700 million with Bernard Madoff, plans to cut 10 percent of its workforce this year after assets under management declined. “UBP should reduce its staff by 10 percent over the course of the year, from a headcount of 1,372 at the end [...]]]></description>
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		<title>Bank Safdie Dodges Madoff Loss, Predicts More Hedge Fund Rules</title>
		<link>http://www.hedgeco.net/news/01/2009/bank-safdie-dodges-madoff-loss-predicts-more-hedge-fund-rules.html</link>
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		<pubDate>Thu, 08 Jan 2009 00:00:00 +0000</pubDate>
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		<category><![CDATA[union bancaire privee]]></category>
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		<description><![CDATA[Bloomberg &#8211; Banque Safdie SA, the Geneva-based wealth manager that withdrew money invested with Bernard Madoff three years before his alleged Ponzi scheme unraveled, said the scandal will mean more hedge fund regulation. &#8220;What Madoff has done is highlight the lack of regulation,&#8221; Safdie Chief Executive Officer Claude Le Ber said in an interview from [...]]]></description>
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