GENEVA (Reuters) – Union Bancaire Privee (UBP) aims to reinforce its presence in the hedge funds segment as rivals feel the pressure from the prolonged financial crisis, a senior bank official said on Tuesday.
"Only the best will survive and will be able to seize the space left vacant by others," said Jan Erik Frogg, head of alternative investments at UBP, told Reuters.
"There will be some unique opportunities."
The hedge fund market is going to contract by 30 percent to 35 percent as the financial crisis prompts investors to flee risky assets, UBP predicts.
