Funds of Hedge Funds People Moves

Post-Madoff, UBP overhauls investment team


UBP Asset Management, the New York-based fund of funds arm of Union Bancaire Privée, has spent the summer re-modelling its investment team, adding three senior level hires, in a bid to stem the outflow of assets after the Madoff affair.

Sarah Sprung and Jonathan Morgan

The most senior role filled this summer was that of chief investment officer of alternative investment. Sara Sprung, previously a portfolio manager at Fortress Investment Group, has joined to take on this newly created role, which reports to Matthew Stadtmauer, chief executive officer of UBP Asset