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Several of our colleagues recently demonstrated their dedication to making a positive impact on both their local communities and the environment through two inspiring initiatives. From Zurich to the Mediterranean coast, their efforts reflect a shared spirit of generosity and care.

Last Friday, the US Supreme Court ruled that the International Emergency Economic Powers Act did not give the President the authority to impose tariffs, providing a lift to global equities. However, President Trump swiftly responded by announcing his intention to apply a 15% global tariff, sending the dollar lower and gold higher as markets moved to price in renewed trade uncertainty.

Electricity demand is growing after years of stagnation, driven by electrification, reindustrialisation, and artificial intelligence, which are outpacing infrastructure expansion. 

London, 19th February 2026 - Union Bancaire Privée (“UBP”) has appointed Peter Kinsella as Head of Investment Services, UK, as it continues to strengthen its investment platform.

Over the past decade, the Middle East has evolved from a region primarily associated with energy resources into a sophisticated hub for global capital and private investment.

Global markets remained broadly stable despite ongoing sector rotation and mixed macroeconomic signals.

Despite rising geopolitical tensions, the underlying macroeconomic backdrop remains supportive of risky assets, with US technology, high-yield bonds, and gold continuing to anchor our allocations.

What does the future hold for Swiss asset management? Nicolas Faller, UBP's Co-CEO Asset Management, highlights the importance of specialisation, strategic acquisitions, and embracing AI to stay ahead in a competitive market.

Hedge Fund Quarterly Review | February 2026