UBS has reallocated 15% of its £563m Targeted Return fund into a new externally-managed pooled vehic...
UBS has reallocated 15% of its £563m Targeted Return fund into a new externally-managed pooled vehicle, named Alpha Choice. Only accessible to investors through the internally-run Targeted Return offering, Alpha Choice has launched with segregated mandates from five global fund managers. UBS says Alpha Choice will improve diversification and enable investors to access additional alpha sources, with low correlation to the overall fund. Alpha Choice currently consists of a healthcare mandate from BlackRock and a global resources vehicle from Martin Currie - along with portfolios run by ...
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