Union Bancaire Privée (UBP) has launched a credit long/short fund run by York-based alternative investment manager Global Credit Advisers on its alternative Ucits platform.
Systematic investment manager Aspect Capital has launched of a Cayman-domiciled fund providing investors with access to the Aspect Systematic Global Macro Programme.
Fundamental equity long/short hedge fund strategies face a challenging environment. Three trends — more hedge funds running the strategy, lower aggregate alpha in the industry and fewer stocks — are causing the problems, according to a report by Novus.