Who needs hedge funds when a $2.4 trillion private bank is offering global macro trades to navigate late-cycle markets -- mimicking fast-money strategies with leverage to boot. UBS Group AG’s wealth management arm, the world’s largest, is pitching just that to billionaire clients. Call it smart-money investing democratized at an institution where $2 million is needed to get your foot in the door. As investors seek fresh ways to bet on winners while guarding against turbulence, UBS is marketing structured debt products that give short-term exposure to cross-asset moves from currencies to bonds and stocks. Not convinced?