Union Bancaire Privée (UBP) has bought 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 and become one of a
dozen or so super-sized players in the future fund of hedge
The move is seen by many as a race by the bigger funds of
funds to absorb as much...