Hedge Fund Monthly Update – March 2014 (UBS)

March 2014

KEYWORDS: MSCI, Hedge Fund Performance, European Union, United Kingdom, Japan, outflows, Macro, Australia, Equity markets, long/short equity, Emerging Markets, capital introduction

Authors:

UBS

Organizations:
  • UBS

Summary:

This month’s highlights include:

- Equity Long Short +2.6% in February, +2.6% YTD; lagged equity markets in Feb, but outperforming YTD.

- Strong net buying by UBS clients in February across all major regions; strong bid for Aussie stocks; net selling in Japan and UK equities.

- Surprise weakening of CNY causes losses for macro funds, which returned +0.5% in Feb, -0.2% YTD

-Long USD trade also source of losses as popular shorts strengthen in February; EURUSD +2.3%; AUDUSD +1.9%; USDJPY -0.3%.

- Global Emerging Markets outflows reach record 19 weeks, with $45B in outflows.

Related Research and Data