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Ex-UBS Players Starting Hedge Fund

Oct 31, 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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