Key facts
- UBS Group AG's co-president of global wealth management, Iqbal Khan, commented on client sentiment.
- Khan noted that demand for hedge funds is currently greater than for private credit.
- Client sentiment is described as positive but cautious.
- This sentiment persists despite geopolitical uncertainties and market turmoil.
Iqbal Khan, co-president of global wealth management at UBS Group AG, has indicated that demand for hedge funds is currently outpacing demand for private credit. Khan, alongside co-president Robert Karofsky, described client sentiment as remaining positive, albeit cautious, in the face of ongoing geopolitical uncertainties and market turmoil. The bank's wealth management division is observing these trends in client investment preferences.