UBS Hedge Fund CIO Sees ‘Peak Anxiety’ Before U.S. Elections

(Bloomberg) -- U.S. equity markets should prepare for more turbulence as the 2020 presidential election draws near, according to Kevin Russell, chief investment officer of UBS O’Connor, the $5.1 billion hedge fund unit at UBS Group AG.“We expect peak anxiety is going to hit in the spring,” Russell said Monday at a briefing at UBS’s New York office. “The very clear ground zero for anxiety around the election, particularly the Democratic agenda, has been the health-ca