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UBS raises US$100m in Asia for new ‘fund selection’ discretionary mandate

UBS Global Wealth Management (GWM) has raised about US$100 million in Asia for a newly launched discretionary mandate focused on showcasing the bank’s fund selection capabilities and its preferred roster of leading asset managers. The new mandate, titled ‘UBS Managed Advanced Fund Selection’, launched at the end of May with a minimum ticket size of US$100,000 and a concentrated portfolio…

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