The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:UBS Launches New Hedge Fund Unit Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, February 05, 2004

UBS Launches New Hedge Fund Unit

by: Nicole Halsey

UBS has created a new division, Alternative Investment Solutions, which will merge the fund-of-funds business of the Stamford-based O'Connor division with AIS, UBS's Hong Kong-based fund-of-hedge-funds unit, Dow Jones reports.

The new division will be headed by Mike Welch, formerly head of O'Connor's fund of funds business.

O’Connor currently runs both single-manager funds and funds of funds, which has concerned some of its investors that business might go to single-manager funds regardless of performance. But, under the new arrangment, the O’Connor division will now be restructed to contain only its existing three single-strategy hedge funds.

UBS currently owns the largest fund of hedge funds in the world, with $13.5 billion under management. Gabelli Asset Management (GAM) is its manager. However, this fund will not be integrated with the new Alternative Investment Solutions because its client base is different. Alternative Investment Solutions is suited for institutional investors, such as pension funds and insurers, while GAM's client base generally includes wealthy individuals, according to Dow Jones.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use