UBS comes under fire for Boston hedge fund hotel


The Secretary of the Commonwealth of Massachusetts this Wednesday brought charges against UBS Securities for giving illicit perks to hedge fund managers housed in One and Two International Place, a prestigious downtown Boston office complex.

Commonwealth Secretary William Francis Galvin filed the complaint on June 27 in the Securities Division of the office of the Secretary, which has jurisdiction over registered investment advisors in Massachusetts.

The complaint accuses UBS of providing hedge funds with discounted office space, low interest-rate personal loans, tickets to Red Sox baseball games and other perks as a means of inducing them to route