2024-04-19 | Industry Dynamics
UBS Shuts China Operations: Fund Closures, Layoffs Expected
Today’s News According to three sources familiar with the matter, UBS is taking steps to streamline its China private funds business, including shutting down some funds and reducing staff by one-third as part of a cost-cutting measure. Out of the 19 private funds launched by UBS since 2016, up to 17 equity and bond funds […]