UBS appoints deputy CIO for alternatives business
UBS Global Asset Management has appointed Rick Nardis as deputy chief investment officer to Alternative Investment Solutions, a key multi-manager provider within the UBS alternative and quantitative investments platform.
Nardis, who will be based in Stamford, will work closely with the chief investment officer of AIS, William Brown, in directing and implementing research and portfolio management initiatives. He will also continue to be closely involved with risk management across the AIS platform and to oversee senior investment officers responsible for strategy research.
Nardis, who has more than eight years of investment industry experience, joined UBS in 2001 as a senior investment officer for the then O'Connor Multi-Manager Program, which became AIS in March 2004. Previously he worked in the manager research department at Tremont Advisers as a primary specialist in long/short equity.
UBS has also announced the addition of Euripides (Rip) Matos to the AIS team as senior investment officer. His key responsibility is hedge fund research for Alternative Investment Solutions as part of the credit, equity arbitrage, and fixed income/trading strategy clusters, and also serves on the AIS investment committee.
Before joining UB, Matos worked in principal investment management at JP Morgan Chase, where he was a vice-president focusing on management of a proprietary multi-manager hedge fund of funds, with generalist strategy research responsibilities. He was previously an associate portfolio manager and senior research analyst at Tremont Advisers, covering event-driven, relative value, credit, and multi-strategy areas.
The alternative and quantitative investments platform, which is part of UBS Global Asset Management, is a globally integrated business to provide alternative investment solutions. It represents the hedge fund platform within UBS and also manages fund of hedge funds, funds of private equity funds and long-only products.
With assets under management of more than USD53bn at the beginning of April and more than 350 staff in offices around the worldwide, the platform's two primary business lines are a single manager business which operates its own hedge funds and other funds directly, and a multi-manager or fund of hedge funds business.
The single-manager business is run by O'Connor, a global hedge fund specialist. The multi-manager business constructs portfolios of hedge funds from third-party managers to give clients diversified exposure to a range of hedge fund strategies.
Within the multi-manager business, Alternative Investment Solutions specialises in fund of hedge funds, while Alternative Funds Advisory provides clients with a complete alternative solution combining fund of hedge funds with single managers and other alternative assets including private equity.
UBS Global Asset Management is one of the world's leading asset managers, providing traditional, alternative and real estate investment management solutions to private clients, financial intermediaries and institutional investors worldwide. With some CHF883bn billion in assets at the end of March, UBS is one of the largest global institutional asset managers, a leading European fund house and Switzerland's largest mutual fund manager.
UBS Global Asset Management has around 3,500 employees in 23 countries, with its main offices in Basel, Chicago, Frankfurt, Grand Cayman, Hartford, Hong Kong, London, Luxembourg, New York, Rio de Janeiro, Sydney, Tokyo, Toronto and Zurich.
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