Hedge Fund Monthly Update – June 2014 (UBS)

June 2014

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

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.

Related Research and Data