GAM launches energy trading

UBS Global Asset Management, one of the world's largest money managers, is set to begin trading energy.

The Zurich-headquartered firm, with $535bn (€434.6bn) in assets under management, is establishing an internal hedge fund that will be managed by Tony West, former head of power and gas trading and marketing at RWE Innogy, the German utility giant, reports SparkSpread, the online energy news service.

WSJ Logo
JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions