UBS to liquidate O'Connor funds hit by First Brands bankruptcy

Core Viewpoint - UBS Group is shutting down investment funds managed by its hedge fund unit O'Connor due to losses linked to the bankruptcy of U.S. auto parts supplier First Brands Group [1] Group 1 - UBS Group's hedge fund unit O'Connor has faced significant losses [1] - The decision to wind down the funds is a direct response to these financial challenges [1] - The bankruptcy of First Brands Group has been a key factor in the losses incurred by O'Connor [1]