UBS AG, the world’s second-largest investor in hedge funds, has become the first high-profile name to appear as a victim of the collapse last month of London hedge-fund manager Weavering Capital U.K. Ltd. and its flagship fixed-income fund.
From the Wall Street Journal:
UBS AG, the world’s second-largest investor in hedge funds, has become the first high-profile name to appear as a victim of the collapse last month of London hedge-fund manager Weavering Capital U.K. Ltd. and its flagship fixed-income fund.
UBS Global Asset Management last month wrote to investors in its 225 million Swiss franc ($192.5 million) Alternative Portfolio AG about its 0.9% exposure, amounting to about 2 million francs, to Weavering’s Macro Fixed Income Fund.
Related
To read the full article, visit wsj.com
Content from our partners
