Thu, Mar 28, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

UBP is changing its alternative funds' management model

Tuesday, June 11, 2013

Benedicte Gravrand, Opalesque Geneva: - Arié Assayag, head of alternative investments at Union Bancaire Privée, aka UBP, told Swiss daily Le Temps that the Swiss bank is changing its alternative funds' management model. The change actually started when he arrived at the bank a year ago, when UBP acquired the fund of hedge funds manager Nexar, which he used to head (Opalesque article).

Nexar, based in New York and Paris, was launched in September 2009 by thirty senior bankers from Societe Generale. Following the acquisition and integration of Nexar, UBP launched an alternatives division that offers clients broad alternative investment expertise and innovative solutions.

UBP launched its first fund of hedge funds (FoHFs) in 1986. Over the years, it has built up a hedge fund advisory service and runs several pooled funds and mandates. But the Geneva-headquartered bank suffered from heavy redemptions during the credit crisis, especially after it was found that it had large exposure to Ma......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1