Sunday, 22nd November 2009

 

3 July 2009 - Press Briefing

Ex-UBS star fund manager launches $1bn venture

Brian Singer, the veteran financier who quit UBS Global Asset Management in 2007, has launched a new venture titled Singer Partners, with $1bn (€713m) in initial assets, according to a Reuters report.

The start-up will charge a 1% management fee and 20% for performance, but only after five years and only for results that surpass Treasury returns adjusted for market conditions.

The firm counts Singer’s former UBS colleagues - Edwin Denson, Thomas Clarke, Edouard Senechal and Renato Staub - as its other founding partners, the Reuters report said.

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