Hedge Funds

UBS creates new cap intro position


UBS Hedge Fund Services has brought back Andrew Dabinett to be global head of capital introductions - a newly created position. Dabinett has been heading up the swaps desk for UBS in Stamford, Conn..

At the same time, the firm has also lost Joe Pescatore, the co-head of UBS Hedge Fund Services' capital introduction group. UBS has decided to eliminate the dual-head role shared by Joe Young and Pescatore, who was an executive director. Young will stay on as the sole head of U.S. capital introductions. The staff shuffling comes after Bob Sherry, who had been head of