UBS Global AM expects positive flows in 2010

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SWITZERLAND - Officials at UBS expect to see positive flows into its asset management unit next year, the Swiss bank said as it discussed an overhaul of the company's strategy aimed at bringing the firm back into positive territory.

The unit saw total outflows of CHF62.4bn (US$61.4bn) in the last four quarters. In the third quarter outflows totaled CHF17.1bn. UBS GAM chairman and chief executive John Fraser said GAM expecte...

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