UBP says long/short equity hedge funds lead gains from AI rally
QQQ•AI rally lifts hedge fund returns
UBP says artificial intelligence has been a key market driver lifting hedge fund returns, led by long/short equity strategies tied to the theme.
Tech and Asia exposures benefit most
US tech-focused long/short managers benefited the most, with some investing across private and listed markets to capture the AI cycle.
UBP also highlighted Asia tech as a major performance engine, citing long exposure to memory makers in South Korea and Japan.
Convertible arbitrage and energy strategies
Convertible bond arbitrage was cited as a fixed-income beneficiary as higher rates push issuers toward convertibles, boosting supply and trading opportunities.
UBP sees the AI theme broadening beyond mega-caps, favoring mid-cap tech managers, with energy strategies positioned for rising AI-related power demand.
