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#1
May 3rd, 2007, 04:05 AM
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UBS winding up hedge fund after Q1 profits fall
(Reuters)
Reuters - Swiss bank UBS shocked investors by
reporting lower first quarter net profits on Thursday and the closure of its Dillon Read hedge fund arm which was hit by losses in the U.S. subprime mortgage market, sparking a selloff in its shares. View the Entire Article
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