Hedge Fund Net Exposure Hits Lowest Level This YearVW Staff
UBS Hedge Fund Monthly Update noted a 2.8% rise in its hedged equity index, now up 11.2% YTD. Most strategies had a good month, except for CTA/quants and Global Macro, which ended the period flat, whereas Equity Market Neutral was down 0.3%.
The report also notes an increase in short exposure from U.S. equity managers, according to Prime Brokerage data. UBS points out that net exposure is edging closer to the lowest levels that were reached this year. Net exposure was at its lowest . . .
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