Hedge Fund Monthly Update (UBS)

August 2014

KEYWORDS: Equity markets, Hedge Fund Performance, long/short equity, hedge funds

Authors:

UBS

Organizations:
  • UBS

Summary:

– Hedge Funds +1.2% in August, +3% YTD (Equity Long Short +1.4%; +1.7% YTD).
– UBS Equity Long Book: profit taking leads to reduction in 6 out of 10 sectors as equity markets rally.
– UBS Equity Short book: clients add to shorts, increase in 7 out of 10 sectors.
– Fixed income rally provides large gains, most notably to CTAs (+4.5% in August).
– USD bulls rewarded again in August, as USD gains broadly for second consecutive month; DXY index +6% from July 1 into early September.

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