UBS outlines strategy for new China alternatives business

UBS Global Asset Management has set up an alternative-investments unit in Beijing to meet the surging demand for hedge-fund and private-equity exposure from institutions and high-net-worth individuals (HNWIs) in China. The local entity will enable UBS to provide onshore alternative products to domestic investors and offer investment-management and advisory services in areas such as the set-up of private-equity funds, direct PE investments and funds of funds. Ling Xinyuan, China …