Wood rewards backer with prime broking deal

UBS is to act as sole prime broker financing trades for a hedge fund to be launched by Jon Wood, one of the bank's former proprietary traders.

The Swiss bank, which has been investing heavily in its prime brokerage business since 2003, is expected to earn substantial income from the fund.

WSJ Logo
110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink