Hedge Fund Monthly Update – April 2014 (UBS)

April 2014

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



  • UBS


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

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