Hedge Funds Lighten Up On Chinese Yuan TradeMark Melin
In yesterday's note to clients, Bridgewater Associates addressed China, hoping to clear the air. Their comments, however, were timed just as many hedge funds are exiting the Chinese currency trade.
Bridgewater wanted to make it clear that China is not in any unusual economic environment. The Asian nation is "going through the same sort of debt and economic adjustment
processes that all countries have gone through at one time or another." Calling the adjustments taking place "healthy" and saying China will emerge "stronger" as a result. This message counters many of the negative hedge fund positioning that has recently . . .
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