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UBS Capital reports 38 per cent reduction in private equity investment year on year

18 Feb 2003

The private equity arm of Swiss bank UBS Warburg, UBS Capital, has announced yet more writedowns and further declines on investments. The firm's private equity investments, including fund investments, stood at CHF3.1bn on 31 December 2002, a 38 per cent decline from the CHF5bn reported the previous year.

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