UBS exceeds target with $1.5 billion infrastructure fund

11/3/2008 | Financial Times (free content)

Despite the financial crisis and investors' concerns, UBS exceeded its goal and raised more than $1.5 billion for an infrastructure investment fund. "Infrastructure is not like private equity; this is more like a stable fixed-income investment with a warrant, giving you ownership exposure, on top," said Steve Jacobs of UBS. "In these turbulent times, investors are increasingly looking for stable, uncorrelated, inflation-resilient long-term returns."

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