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UBS Exec Forms Hedge Fund

Apr 22, 2013
Jing Chen

A former senior executive at UBS has left the Switzerland-based bank to start his own hedge fund venture.

Reuters reported that Yassir Benjelloun-Touimi, who was the former head of European credit flow trading at UBS, is expecting to launch Arcade Capital Partners with about $150 million in early July.

UBS will be the prime broker for the new firm.

The Reuters article also said that the new fun will focus on the most liquid part of the market.

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