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UBS Global Asset Management positions its hedge fund businesses for further growth



  UBS Global Asset Management positions its hedge fund businesses for further
  growth

Business Wire

NEW YORK -- August 22, 2013

UBS Global Asset Management has announced that its leading Alternative and
Quantitative Investments (A&Q) hedge fund platform will be reorganised into
two separate business areas with immediate effect – Alternative Investment
Solutions (the multi-manager and hedge fund advisory business) and O'Connor
(the single manager hedge fund business.)

The Alternative Investment Solutions (AIS) business will be led by Bill Ferri.
AIS is today one of the largest investors in hedge funds in the world*. Under
Bill's leadership, AIS will be expanded to include additional entrepreneurial
businesses in the alternatives arena. Bill continues to be a member of the UBS
Global Asset Management Executive Committee.

Dawn Fitzpatrick will assume full leadership of O'Connor, in addition to her
current role as CIO. Dawn will become a member of the Global Asset Management
Executive Committee, reporting to John Fraser, Chairman and CEO of UBS Global
Asset Management.

According to John Fraser "the move allows each business to operate as distinct
entrepreneurial boutiques – something that is increasingly important for our
clients." He added, "it also provides focused leadership to drive the further
growth of these successful alternatives businesses, a key strategic priority
for UBS Global Asset Management."

UBS Global Asset Management is a large-scale asset manager with
well-diversified businesses across regions, capabilities and distribution
channels. It offers investment capabilities and investment styles across all
major traditional and alternative asset classes. Invested assets totaled USD
621 billion at 30 June 2013. The firm is a leading fund house in Europe, the
largest mutual fund manager in Switzerland^1 and one of the largest fund of
hedge funds and real estate investment managers in the world.

AIS, the multi-manager and hedge fund advisory business, focuses on creating
global diversified products to meet the demands of clients. With assets under
management of USD 25.4 billion (as of 1 July 2013), AIS is one of the largest
investors in hedge funds in the world.* AIS' investment teams are located in
Stamford/New York, London, Zurich, Hong Kong and Tokyo.

The O’Connor business is dedicated to absolute return investment management
and manages in excess of USD 5.2 billion (as of 1 July 2013) in
non-traditional strategies. O'Connor has offices located in Chicago, London,
New York, Hong Kong and Singapore.

^[1] Source: Lipper/Swiss Fund Data Swiss Promoters Report (as at 30 June
2013)

* InvestHedge Billion Dollar Club, March 2013

www.ubs.com/media

Contact:

Media Inquiries
UBS Global Asset Management
New York / Americas:
Megan Stinson, + 1-212 713 1302
megan.stinson@ubs.com
Follow us on Twitter: www.ubs.com/twitteramericas
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