Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at

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UBS Bankers Setting Up Hedge Fund

Oct 28, 2013
Jing Chen

Two former UBS employees are teaming up with the managing partner at UFG Asset Management to launch a hedge fund firm.

Bloomberg Businessweek reported that Al Breach, a former Russia strategist at UBS, and Charles Hill, the former head of trading at UBS’ joint venture in Russia, incorporated Gemsstock Ltd. last month with UFG’s Florian Fenner. The date of the hedge fund launch was not disclosed.

Fenner will continue to remain principal at Russia-based alternative investment firm UFG.


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