UBP buys $3bn Nexar to boost FoHF business

Wed Feb 29, 2012

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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...

ISSN: 2151-1845 / CDC10004H

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