UBS Prime Brokerage Clients Stocking Up On Europe

The monthly Hedge Fund Update from UBS for October 2013 shows that world markets put in another bumper performance on relief that the US had emerged from its shutdown and debt ceiling travails. The MSCI World Index gained 3.9% in October and 21.9% YTD. Europe was the stellar performer, scoring a return of +5.7% for the month. UBS tracks the market movers The UBS report contains interesting insights into the activities of its prime broking clientele – a look-see into what the market’s crème-de-la-crème, the institutional trader, is doing. UBS reports that prime brokerage balances for long positions in European…