Is Short Chinese Yuan The New Short Yen?VWArticles
Back in early 2013, we started to notice a prominent trend - hedge funds in both public and private communications started to talk more and more about short yen and less and less about being long Apple. What we noted anecdotally turned out to be around the point when short yen became one of the most popular hedge fund trades, while long Apple became less popular. Today, we are noticing the same trend with short the Yuan or RMB, which makes us ask is this now or going to become the next hot hedge fund position? For one extreme example, we reported how Forum Global is up 107% YTD (as of September 1st) including a 60% return in August on a massive RMB bet gone right.
The hedge fund stated in a letter to investors:
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.