Hedge Fund Monthly Update – April 2014 (UBS)

April 2014

KEYWORDS: long/short equity, Short Selling, utilities, energy, strategy, inflows, asset allocation, CTA, global macro, Emerging Markets, European Central Bank

Authors:

UBS

Organizations:
  • UBS

Summary:

This month’s highlights include:

- Equity Long Short –1.0% in March, +1.6% YTD.
- Crowded shorts in Info Tech and Biotech help offset losses from crowded longs.
- UBS PB Long Book in March: increase in Utilities (+12%), Energy (+6%) while Info Tech was unchanged (surprisingly).
- UBS PB Short book in March: biggest decrease in Health Care (-12%); biggest increases in Financials (+7%), Energy (+6%) and Utilities (+5%).
- Average loss across all hedge fund strategies -0.7% in March; +0.4% YTD
- US M&A Review – Q1 2014 Highlights.
- Global Emerging Markets’ record 22-week streak of outflows finally comes to an end; $5B of inflows last week of March and first week of April

Related Research and Data