Hedge funds overhaul fees to turn around ‘free market failure’

UBS’s Capital Introduction days connect institutional investors with the people behind newly launched funds seeking seed capital. But at the event in February, held at the bank’s London headquarters in Broadgate, the 12 companies showcased by UBS hardly needed an introduction. According to a source present, the funds included those run by JPMorgan Asset Management, Carmignac and Odey Asset Management. Read more