WEST PALM BEACH, FL (www.hedgeco.net) – UBS Asset Management has appointed Alexander Inichien to its Global Asset Management and Qualitative Investments division in a senior research capacity. Thenew appointment takes effect on October 1st 2005 according to released information. Mr. Inichien was the head of UBS hedge fund research and other alternative investments since 2000. Lately, heserved as the global head of alternative Investments research for the investment bank.
Mr. Inichien joined UBS in his previous position since 1988. His new post will enable him to devote his efforts to research initiatives, asset allocation and hedge fund strategies. He will report to the Chief Investment Officer and Head of Alternative Investment Solutions, Mr. Mike Welch, and will be working out of the firm’s office in Zurich, Switzerland.
UBS recently said that its hedge fund management assets have more than doubled, according to the firm�s released statements; growth in the firm�s hedge fund management business is predicted to continue to grow over the coming years. UBS hedge fund managed assets now stand at a strong Euro 16.7 billion; the asset management branch of the firm was formed in early 2003. Growth in the firm�s asset management business saw a rapid acceleration as wealthy investors and institutions continue to seek out alternative investment vehicles, which provide absolute return regardless of market direction.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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