Long/short and global macro backed for 2016

Global stock prices and volatility are likely to rise this year, presenting an attractive environment for certain hedge fund strategies, argues Andrew Lee, deputy global head of ultra-high-net-worth and alternative investments at UBS Wealth Management. He is not alone in his prognosis. The Swiss bank has kept its broad allocation to hedge funds the same this year as in 2015, in the 14-18% range, having raised it a little at the end of 2014. It recommends an allocation of up 40% to…