Union Bancaire Privée (UBP) has announced a
definitive agreement to acquire Nexar Capital Group, the
fast-growing fund of hedge fund group that was set up in 2009
by senior former SocGen executives, in a bid to boost its
flagging fund of fund business.
The terms of the deal were not disclosed. However, the
transaction looks designed to reinvigorate UBP’s
fund of hedge fund business...