Tue, Sep 24, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

UBP shifts exposure to China via long/short China-focused hedge funds

Monday, August 12, 2019

B. G., Opalesque Geneva:

Swiss private bank UBP says it has started rotating China positions towards asymmetric positioning, as geopolitical risks remain concerning.

Despite the 6-7% declines in China equity indices in August, valuations still fall short of pricing the economic risks ahead as well as the increased geopolitical risks, said UBP in a report last week called "The end of the US-China trade war..".

UBP has started adopting asymmetric positioning in China, allowing portfolios to participate in upside potential in markets while establishing protection against downside risks.

"Without a re-pricing of valuations to better reflect the uncertain growth and geopolitical outlooks, we believe our 'asymmetric' approach, via select long-short China focused hedge funds as well as partially capital protected structured exposure allows us to participate should China choose to deploy more significant stimulus than expected, while limiting exposure should growth and/or geopolitical concerns crystallise in the months ahead," the report concludes. And from a stock-selection perspective, UBP sees relative 'safe harbours' among education leaders, healthcare, and telecommunications companies in China.

Tariffs and currency US President Donald Trump's August 1st announcement that the US would impose 10% tariffs on the remai......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Albright Capital builds on emerging markets impact strategy, signs on to IFC principles[more]

    Bailey McCann, Opalesque New York: Albright Capital has adopted the International Finance Corporation's Operating Principles for Impact Management. The firm has also developed its own impact measurement system as part of the implementation of the principles. The IFC's principles were

  2. Investing: Hedge funds getting burned as growth stocks trounced by value, Why investors are prioritizing health care in a big way, Fannie, Freddie soar as hedge funds score wins on two fronts[more]

    Hedge funds getting burned as growth stocks trounced by value From Bloomberg: A hedge-fund favorite is rapidly losing ground in the stock market just as one of the industry's least-loved sectors picks up. Growth stocks, generally companies that are seeing rapid profit increases, have drop

  3. PE/VC: Supersized unicorn: Root Insurance leaps to $3.65bn valuation with $350m round[more]

    Root Insurance is now valued at $3.65 billion after a $350 million funding round - the largest single venture capital round ever in the state. The 3-year-old auto insurer, now the startup with the highest valuation of any in Ohio, has raised a cumulative $523 million in VC and another $100 mi

  4. Testing hedge performance when stocks crash[more]

    Bonds have historically been a reliable buffer for stock exposure. But low yields and potential reversion to a more positive stock/bond correlation would likely translate to less protection. Gold has been a solid crisis hedge but has experienced long stretches of negative inflation-adjusted returns.

  5. PE/VC: The FBI is investigating a venture capital fund started by Peter Thiel for financial misconduct, Why venture capital firms need more women partners and entrepreneurs[more]

    The FBI is investigating a venture capital fund started by Peter Thiel for financial misconduct From Vox: Federal investigators are probing the conduct and practices of Mithril Capital, a venture capital firm co-founded by Peter Thiel, Recode has learned. US officials - including t