{"id":41200,"date":"2014-03-18T08:29:01","date_gmt":"2014-03-18T12:29:01","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=41200"},"modified":"2014-03-18T08:40:56","modified_gmt":"2014-03-18T12:40:56","slug":"usb-launches-equity-hedge-fund-swiss-distribution-system","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2014\/usb-launches-equity-hedge-fund-swiss-distribution-system.html","title":{"rendered":"USB Launches Equity Hedge Fund &#038; Swiss Distribution System"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/06\/alg_ubs_building-2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-23239\" alt=\"US\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/06\/alg_ubs_building-2-300x208.jpg\" width=\"300\" height=\"208\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/06\/alg_ubs_building-2-300x208.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/06\/alg_ubs_building-2.jpg 449w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>New York (HedgeCo.Net) &#8211; Swiss banking giant UBS is launching an equity-focused hedge fund according to a WSJ report. The new hedge fund will be called Capital and Consulting Services and will be run by\u00a0Michael Sales, the\u00a0Global Head of Business Consulting at UBS Prime Brokerage.<\/p>\n<p>&#8220;The combination will enable us to offer a more strategic agenda for our hedge fund clients,\u201d\u00a0UBS\u2019s Global Head of Prime Brokerage\u00a0Reinhardt Olsen said in a memo seen by the WSJ.<\/p>\n<p>Also in the news, UBS Fund Services announced a new service to support hedge managers with <a href=\"http:\/\/www.ubs.com\/global\/en\/asset_management\/fundservices\/solutions.html#tabs-4\" target=\"_blank\">distribution<\/a> in Switzerland. Distribution has gotten stricter since the amendment of the Swiss fund law in March 2013. USB reports that alternative investment funds (AIFs) distributed in Switzerland will now need a Swiss representative and a Swiss paying agent (in addition to UCITS funds).<\/p>\n<p>&#8220;We have created a unique offering which fits perfectly to our UBS Fund Services&#8217; one-stop shop approach.&#8221; Andr\u00e9 Valente, head of UBS Fund Services said. &#8220;Both representative and paying services can be offered in-house and a dedicated team ensures both compliance with all regulatory matters and a competitive time to market. We understand that in depth knowledge of fund distribution from both a regulatory and economic point of view is key, hence, our legal representative services team also serves as competence center for fund distribution to both private label fund and representative clients.&#8221;<\/p>\n<p>Alex Akesson<br \/>\nEditor for\u00a0<a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.Net<\/a>\u00a0is a premier\u00a0<a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\/\">hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; Swiss banking giant UBS is launching an equity-focused hedge fund according to a WSJ report. The new hedge fund will be called Capital and Consulting Services and will be run by\u00a0Michael Sales, the\u00a0Global Head of Business [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,12,3],"tags":[],"class_list":["post-41200","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-launches","category-hedge-fund-regulation","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/41200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=41200"}],"version-history":[{"count":7,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/41200\/revisions"}],"predecessor-version":[{"id":41208,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/41200\/revisions\/41208"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=41200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=41200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=41200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}