UBS O’Connor Said to Open First Asia Hedge Fund to Investors

UBS O’Connor, the UBS AG unit with $5.2 billion of assets, plans to open its first Asia-focused hedge fund to investors later this year, said two people with knowledge of the matter.

The fund, which started trading in August with internal money, is managed by Singapore-based John Bradshaw and David Perrett in New York, said the people, who asked not to be identified because the information is private. Rob Stewart, a Hong Kong-based UBS spokesman, declined to comment on the fund.