UBS’s billionaire clients keen on turnaround opportunities
UBS Group AG’s private credit business is seeing increased interest from sophisticated wealth investors looking for opportunities coming out of the crisis.
BY MARION HALFTERMEYER / BLOOMBERG
The O’Connor Capital Solutions unit had the busiest period of its existence in the last seven weeks, focusing on new investing opportunities fueled by the coronavirus-induced market dislocation, according to Baxter Wasson, who co-heads the fund at the Swiss bank.
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