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Hedge fund trends in 2015: Deutsche Bank

Hedge Fund

Despite producing an average return of 3.3 percent last year, the hedge fund industry is on track to surpass $3 trillion in assets this year, according to a new survey by Deutsche Bank.

UBS said to scale back wealth management in Moscow

Moscow Traffic

UBS plans to scale back its wealth-management activities in Moscow that serve clients who deposit their funds offshore as the bank streamlines operations in some emerging markets, according to two people with knowledge of the decision.

Goldman Sacks ?

Axe In Wood

Goldman Sachs is reducing the size of its investment-banking team in Singapore by about 30% compared with the start of the year, people with knowledge of the matter said.