UBS Launches Market-Neutral Hedge Fund

While this may not be the ideal market to launch a hedge fund, UBS is enjoying surprising success. UBS Global Asset Management has launched the U.S. Fundamental Equity Market Neutral fund, an equity long/short hedge fund.

The portfolio is market-, sector- and factor-neutral. It is broadly diversified, typically holding 100 to 150 long positions and 100 to 200 short positions.