K&T Probing Sale Of Investments In UBS Willow Fund

(RTTNews) - The Securities Arbitration Law Firm of Klayman & Toskes or K&T said it is investigating UBS Financial Services (UBS) in connection with the sale of investments in UBS Willow Fund to the firm's customers.

The Willow Fund is a private hedge fund formed in 2000. In October 2012, investors were notified that the fund would be liquidated. The Willow Fund's Report to Shareholders, filed with the SEC on September 6, stated that "The Fund does not hold investments as of June 30, 2013."

While many investors were advised that the fund was a safe, low risk product, it declined about 80 percent.

K&T is investigating whether UBS adequately disclosed the risks associated with the UBS Willow Fund, as well as whether investors' portfolios were over-concentrated in the Fund.

K&T is looking into UBS's conduct in connection with its marketing of the Fund to its customers.