Simon Osborne is a reporter at AsianInvestor. He writes about alternative investments such as hedge funds and private equity. Before he became a journalist, he worked in several financial institutions. He has been in Asia since 1994.
UBS has replaced its head of risk, Maureen Miskovic, with Philip Lofts as the bank attempts to reorganise its management after a $2.3 billion trading loss earlier this year.
Distressed specialists define their terminology and give their take on the market at the second AsianInvestor/FinanceAsia Distressed and Troubled Asset Investing Summit, held in Tokyo.