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UBS targets top-tier prime brokerage spot amid hedge fund boom
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UBS targets top-tier prime brokerage spot amid hedge fund boom
UBS is seeking to break into the top four global prime brokers by revenue as it accelerates its push to win hedge fund clients, supported by strong growth in its equities and financing businesses and momentum from its acquisition of Credit Suisse, according to report by Financial News London. The Swiss bank, currently the fifth-largest provider of prime services, is targeting further expansion on Wall Street and internationally as demand for fin…
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