ITALY - Private bank Union Bancaire Privée (UBP) has invested in Aletti Gestielle Alternative (AGA), a fund of hedge funds provider in Italy with €3.6bn (US$5.7bn) in assets under management.
The agreement will see UBP, the second largest alternative asset manager worldwide, establish a 50/50 partnership in the alternative asset management industry with Banco Popolare, which created AGA...
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