UBS boss leaves for London hedge fund

UBS Hedge Fund Solutions loses European leader to $13 billion London-based hedge fund.

The head of UBS Hedge Fund Solutions in Europe has left after 13 years with the Alternatives arm of the Swiss banking group.

Matthew Jamieson – a member of the group’s Alternative and Quantitative Investments management committee – has joined Capula Investment Management as managing director.

Capula is a top ten hedge fund in Europe with around $13 billion in assets under management and is a self-styled “global fixed income specialist” with absolute return, fixed income and tail risk strategies.

Prior to leaving the UBS Hedge Fund team, Jamieson was responsible for leading investment decisions across Europe. He originally joined UBS as an analyst back in 2004 before moving to the group’s London offices in 2005.

Capula Investment Management declined to comment. Jamieson and UBS did not respond to a request for comment. 

Jamieson’s departure comes as UBS confirmed a fourth consecutive quarter of outflows from its asset management business. Outflows for the second quarter of 2016 stood at CHF 8.8 million, following outflows of 5.9 million (Q1), 8.9 million (Q4 2015) and 7.6 million (Q3 2015).

This follows a host of structural changes in the asset management division. In January, asset management was restructured into six new business lines: Equities, Multi Asset & O’Connor, Fixed Income, Global Real Estate, Infrastructure and Private Equity, Solutions and Fund Services.  

Three years ago, UBS Global Asset Management divided its hedge fund division into two, separating the Alternative Investment Solutions and Hedge Fund Advisory teams.