News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Investment Banking

UBS faces client backlash over losses from complex options strategy

Yield Enhancement Strategy has generated at least $60m in losses for clients and more than two dozen customer complaints

A complex investment strategy pitched as low-risk by stockbrokers at UBS has triggered a backlash from clients of its securities unit.

The strategy, called Yield Enhancement Strategy, or YES, has generated at least $60m in losses for clients and more than two dozen customer complaints, according to a lawyer for the investors.

WSJ Logo