UBS WM, AA Advisors seeking new managers

Bucking a trend for private banks to reduce the number of fund management firms they use, AA Advisors and UBS Wealth Management are adding to their platforms. UBS WM is making additions in alternatives, while AA Advisors, a subsidiary of Dutch bank ABN Amro, is picking managers for specific mandates in long-only strategies, they revealed during AsianInvestor’s Fund Selectors Forum last week. The Swiss firm is focusing on its hedge fund business and working with newer, smaller an…