Silver Law Group Urges UBS Willow Fund Investors to Consider Recovery Options on Anniversary of Board’s Decision to Liquidate Fund Holdings
CORAL SPRINGS, Fla., Nov. 13, 2013 ( GLOBE NEWSWIRE) – Silver Law Group announces its continued investigation on behalf of the UBS Willow Fund investors on the anniversary of the Board of Director’s decision to liquidate the fund assets. According to UBS Willow Fund’s SEC filing reported March 7, 2013, the Fund’s Board of Directors approved the orderly liquidation of the Fund on October 15, 2012. According to the SEC filing, “the Fund is proceeding with a gradual disposition of its portfolio of investments.” The SEC filing projected, “It is anticipated that this liquidation will take place over a number of months.” The Willow Fund management reported, “This is expected to continue during 2013.”
According to SEC filings, the Manager of the UBS Willow Fund was a joint venture between UBS Alternative and Quantitative Investments LLC (“UBS A&Q”) and Bond Street Capital. UBS A&Q is the managing member of the Manager, a wholly owned subsidiary of UBS AG. UBS Financial Services, a wholly-owned subsidiary of UBS Americas, acted as a placement agent for the Fund. The Fund’s investment objectives were to maximize total return with low volatility by making investments in distressed investments.
According to UBS Willow Fund’s SEC filing on September 6, 2013, Report to Shareholders, “The Fund does not hold investments as of June 30, 2013.” Scott Silver, managing partner of the Silver Law Group explains, “The 2012 total return for member investors was reportedly down 89.21%. This type of mismanagement of fund assets has left investors devastated.” According to SEC filings, “The Fund’s investment objective was to maximize total return with low volatility by making investments in distressed investments.” Mr. Silvers asserts, “UBS Financial Services was obligated to give, and investors are entitled to rely upon representations that were made concerning this type of financial product failure.”
Silver Law Group is a nationally-recognized securities law firm headquartered in South Florida, with satellite offices in New York and Washington, DC, representing investors worldwide with their claims for losses due to stockbroker misconduct and brokerage firm negligence in securities litigation and arbitration matters. The Silver Law Group received a Martindale-Hubbell® Peer Review Ratings™ of “AV” for achieving the highest ethical and legal ability standards. The Silver Law Group has successfully recovered multi-million dollar awards for its clients against the country’s top brokerage houses. If you invested in the UBS Willow Fund and would like to discuss your legal rights, you may contact us at firstname.lastname@example.org or call the law firm at 1-855-755-4799. Additional information is available at www.silverlaw.com or www.willowfundlosses.com.