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Reflections on running an investment bank: John Costas
Huge growth in store: Costas’ view of the hedge fund industry
UBS’S NEW INVESTMENT bank CEO’s first speech to his managing directors went down rather well. It had a lot to do with the light-hearted way he started it. “Hi, my name’s Huw Jenkins. And I’m off to start a hedge fund.”
The joke was a reference to his predecessor, John Costas, who has stepped down to set up an in-house alternative investment fund in UBS’s wealth management division to be called Dillon Read Capital Management, a reference to the US boutique the firm bought in the 1990s.
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