Ex-Goldman Partner’s Firm Says UBS Cuts Spoiled Partnership Plan
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An asset management firm founded by former Goldman Sachs Group Inc. partner Vishal Gupta sued UBS AG, saying investment banking cuts at the Swiss lender have undermined a joint venture.
Decura IM Investments LLP is seeking to terminate a 2012 contract under which it would provide “managed accounts” and “algorithmic strategies” for UBS customers, according to the bank’s documents at a pre-trial hearing in London today.