Soreide Law Group is currently investigating the UBS Willow Fund. The allegations by clients involve unsuitability, misrepresentation and omission, breach of fiduciary duty, negligence, and failure to supervise.
In 2000 UBS and Bond Street Capital formed the UBS Willow Fund, a hedge fund offered and sold by UBS to investors as a distressed debt fund. The Willow Fund had as much as $400 million in assets under management. UBS ultimately liquidated the fund due to substantial losses. It is alleged that UBS sold the Willow Fund to many conservative investors, many of whom did not wish to risk their portfolios on distressed debt. Allegedly, UBS misrepresented the true risks of the Willow Fund and omitted risks to its conservative clients.
In October 2012, the UBS Willow Fund liquidated its assets after suffering significant losses in 2012. The Willow Fund’s net asset value declined over $300 million.
If you invested in the UBS Willow Fund, call for a free consultation with an attorney on how to potentially recover your losses, at 888-760-6552
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