UBS hedge fund may offer clients direct access to China strategy

Much potential: A pedestrian passing a UBS Group AG bank branch in Zurich, Switzerland. People continue to be invested in China, because it’s very compelling from the growth and liquidity perspectives, says Russell. — Bloomberg

NEW YORK: A UBS Group AG hedge fund unit is considering giving investors direct access to its China strategy, after it navigated through a raft of regulatory interventions that threw doubt on the country’s investment potential.

The strategy has booked double-digit gains this year, with “very positive” returns in both July and August, said Kevin Russell, New York-based chief investment officer of the US$9.6bil (RM39.8bil) UBS O’Connor unit.