UBS to launch UK long/short fund

Matthew Cox is to manage UBS's second foray into the long/short market with a UK-focussed launch plan...

Matthew Cox is to manage UBS’s second foray into the long/short market with a UK-focussed launch planned early next year. Cox has been running a 100-stock model portfolio since December 2006 using 40-70 long positions and 30-50 shorts and the fund can range between 110/10 to 140/40. The manager has been with UBS for eight years and has run the UK Select fund since August 2006. He will use in-house investment process to choose holdings, looking at the price to intrinsic value of stocks. Every stock in the fund’s universe, in this case the FTSE All-Share, is screened and determined if it ...