(Bloomberg) UBS WM with $2.4 trillion touts relative value for late cycle
Bank has issued more than 70 short-term structured notes
Who needs hedge funds when a $2.4 trillion private bank is offering global macro trades to navigate late-cycle markets — mimicking fast-money strategies with leverage to boot. UBS Group AG’s wealth management arm, the world’s largest, is pitching just that to billionaire clients.
Private Banks Are the New Hedge Funds
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