Hedge Fund Monthly Update – June 2014 (UBS)

June 2014

KEYWORDS: long/short equity, MSCI, growth, India, European Union, Eurozone, interest rate, Emerging Markets, Qatar, Colombia, Taiwan, South Africa, Egypt, Poland, UAE, Czech Republic, Malaysia, ETF, capital introduction, Department of the Treasury, Macro, inflation

Authors:

UBS

Organizations:
  • UBS

Summary:

This month’s highlights include:

- Equity Long Short +1.2% in May, +1.0% YTD
- UBS Long Book: clients add to Cons Staples for second consecutive month (+5%).
- UBS Short Book: clients add to shorts in Health Care (+5%) for second consecutive month
- Mid-year review of 2014 consensus trades: yes, most are losing.
- Global M&A volume of $476B in May, largest monthly volume since financial crisis, surpassing April’s previous high of $438B.

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