JPMorgan, UBS Dropped Hedge Fund Embroiled in HK Probe (1)

JPMorgan Chase & Co. and UBS Group AG cut prime brokerage ties with the investment firm that was raided by authorities during a probe into alleged insider dealing in Hong Kong well before the investigation was made public, according to people familiar with the matter.

The two banks stopped providing prime brokerage services to Infini Capital Management Ltd. months ago, the people said, asking not to be identified discussing confidential information.

Together with Standard Chartered Plc, they were listed as Infini’s prime brokers in a March 2025 filing with the US Securities and Exchange Commission.

It’s unclear if JPMorgan and ...