UBS sets up FTZ unit
Source: Agencies |
November 6, 2015, Friday
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Print Edition
Print Edition
UBS Asset Management said yesterday that it has set up a wholly owned subsidiary in Shanghai’s pilot free trade zone.
The new entity, UBS Global Asset Management (Shanghai) Ltd, will manage private funds for overseas investment under the Qualified Domestic Limited Partner program, UBS said in a statement.
With an initial quota of US$100 million, UBS is planning to launch private funds investing in both alternative and traditional asset classes to domestic institutional investors and high-net-worth individuals by the end of 2015.
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