UBS Approached by 50 Potential Hedge-Fund Startups

Bloomberg – UBS AG, the largest Swiss bank, has been approached by about 50 potential hedge-fund startups in the Asia-Pacific region as the industry recovers from record losses in 2008.

“We are tracking 50 different groups across Asia-Pacific who are talking to us about starting up,” said David Gray, UBS’s head of prime services in the region.

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