UBS picks up market share

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UBS has been making big strides in winning market share among the prime brokers picking up mandates for new funds - and is becoming a contender in the race that has been dominated by Morgan Stanley, Goldman Sachs and Bear Stearns in the U.S. market. UBS picked up at least 13 mandates for new funds with $50 million of assets launched last year.

A table that did not account for a number of the mandates won by UBS, as well as some co-mandates on those funds picked up by other prime brokers, appeared in the February issue of Absolute