Artisan Urges UBS to Leave Switzerland Over Capital Rules
US asset manager Artisan Partners urged UBS to leave Switzerland, arguing that proposed stricter capital requirements destroy shareholder value. The investor estimates the rules would force UBS to hold billions in extra capital.
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ARTISAN PARTNERS ASSET MA -A urged UBS GROUP AG-REG to leave Switzerland late Wednesday, citing punitive capital rules. The United States investor warned the overhaul would destroy shareholder value.
