A UBS Hedge Fund Crushes Peers on Follow-the-Fed Bets
- Relative-value trade goes short and long in capital structure
- O’Connor strategy ‘aggressively’ bid up credit on Fed moves
This article is for subscribers only.
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.
A UBS Asset Management hedge fund beat peers in the first half with relative-value trades that shorted pandemic-struck stocks, and is now pouncing on the market’s next dislocations.