JPMorgan, UBS Dropped Hedge Fund Embroiled in Hong Kong Probe

JPMorgan Chase & Co. and UBS Group AG cut prime brokerage ties with the investment firm that was raided by authorities during a probe into alleged insider dealing in Hong...

By Bei Hu, Julia Fioretti, Cathy Chan, Dave Sebastian · Bloomberg Markets

JPMorgan Chase & Co. and UBS Group AG cut prime brokerage ties with the investment firm that was raided by authorities during a probe into alleged insider dealing in Hong Kong well before the investigation was made public, according to people familiar with the matter.