UBS Equity Opportunity Long Short

Investment Objective

This fund is a long-short equity strategy, seeking to exploit short and mid-term stock price anomalies in companies based mainly in Europe, with opportunistic investments globally.

Latest Meeting Note

Meeting Note 04 Feb 2016

As a pure alpha strategy (Oct 10 — Apr 14), the fund delivered annualised returns of 3.0% with annualised volatility of 10.1%. Since it adopted a more directional portfolio construction approach returns have been very strong, annualising... Read more

As a pure alpha strategy (Oct 10 — Apr 14), the fund delivered annualised returns of 3.0% with annualised volatility of 10.1%. Since it adopted a more directional portfolio construction approach returns have been very strong, annualising at 22.2% with a volatility of 7.7%. This is ahead of the fund’s net return target of 8-10% and comfortably within the volatility target of max. 10%. It is worth noting that the fund is run by the same team that manages the highly successful UBS European Opportunity unconstrained strategy. This 135/35 strategy has significantly outperformed its benchmark (MSCI Europe). Given the teams success managing a market relative strategy we feel the newly adopted more directional approach to this fund makes intuitive sense.

Performance

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2022 0.7 1.0 0.2 0.7 0.2 0.8 0.2 0.2 1.0 0.3 0.8 0.1 0.3
2021 0.9 0.1 1.0 0.3 0.7 0.5 0.9 0.4 0.6 0.1 0.4 0.6 0.9

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