UBS Notes CTAs, Quant Macro Outperforms While USD Trade Fails

HFA Padded
Mark Melin
Published on
Updated on

CTAs and quant macro strategies performed the best among hedge fund strategies in April but are still down year to date, while long short strategies saw crowded shorts underperform crowded long stock strategies, according to the UBS Hedge Fund Monthly Update for April. Crowded shorts and longs Some of the most popular crowded shorts in the tech sector were International Business Machines Corp. (NYSE:IBM), up 2.1% on the month, and Intel Corporation (NASDAQ:INTC), which performed positively by 3.4% on the month. Some of the profitable crowded shorts included LinkedIn Corp (NYSE:LNKD), down -17%, salesforce.com, inc. (NYSE:CRM), down -9.5%.  The average…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.