inflows

Martin Currie, a Scottish fund firm, says that investors seem to return to the sector as customers have put more money into its hedge funds at a faster rate than before the credit crisis, according to Reuters’ report. Between October and June net client outflows made up $300 billion and now there are signs of the market recovery.

Troubled Swiss bank UBS, weighed down by further outflows from its private banking business as well as restructuring and impairment charges, reported a second-quarter loss of 1.4 billion Swiss francs ($1.32 billion) on Tuesday. The loss is the bank`s seventh in the last eight quarters as it struggles to retain private banking customers.