{"id":49555,"date":"2015-08-11T11:57:40","date_gmt":"2015-08-11T15:57:40","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=49555"},"modified":"2015-08-11T11:57:40","modified_gmt":"2015-08-11T15:57:40","slug":"ubs-said-to-close-feeder-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2015\/ubs-said-to-close-feeder-fund.html","title":{"rendered":"UBS said to close feeder fund"},"content":{"rendered":"<p>(Reuters) &#8211;\u00a0<a href=\"http:\/\/www.hitc.com\/en-gb\/topic\/ubs\/\">UBS<\/a> shut down a feeder fund that provided wealthy clients access to billionaire investor <a href=\"http:\/\/www.hitc.com\/en-gb\/topic\/john-paulson\/\">John Paulson<\/a>&#8216;s<a href=\"http:\/\/www.hitc.com\/en-gb\/topic\/advantage-fund\/\">Advantage fund<\/a> due to the high cost of operating that portfolio, two sources said last week.<\/p>\n<p>Reuters reports that <a href=\"http:\/\/uk.reuters.com\/article\/2015\/08\/06\/hedgefunds-paulson-ubs-idUKL1N10H1ZX20150806?rpc=401\">the bank shut down the feeder fund on July 31, the sources said<\/a>.<\/p>\n<p>But UBS clients would still have a way into the $2.8bn Advantage fund or the Paulson Partners fund through a separate &#8216;UBS share class&#8217;, one of the sources said.<\/p>\n<p><a href=\"http:\/\/www.hitc.com\/en-gb\/2015\/08\/08\/ubs-closes-feeder-fund\/\">Click here <\/a>to read the entire article.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211;\u00a0UBS shut down a feeder fund that provided wealthy clients access to billionaire investor John Paulson&#8216;sAdvantage fund due to the high cost of operating that portfolio, two sources said last week. Reuters reports that the bank shut down the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4950,4682,16232,4326,422],"class_list":["post-49555","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-advantage-fund","tag-john-paulson","tag-paulson-partners","tag-reuters","tag-ubs"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/49555","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\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=49555"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/49555\/revisions"}],"predecessor-version":[{"id":49556,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/49555\/revisions\/49556"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=49555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=49555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=49555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}