Hedge Funds Are Rebuilding Short Bets Against Japanโs Yen
Hedge funds rebuilt a short wager against the Japanese yen as the currency remains under pressure.
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Hedge funds rebuilt a short wager against the Japanese yen as the currency remains under pressure.
Hedge funds are loading up on options that will profit if the euro weakens against the dollar as political and fiscal risks mount in France.
Hedge funds slashed their bets on a stronger yen after the Bank of Japan held back from providing markets with definitive vows for higher interest rates.
A popular trade in US Treasuries has shrunk to its smallest size in over two years, in what Wall Street strategists say reflects fewer dislocations in the bond market for hedge funds to exploit.
The Bank of Korea called for stronger monitoring of overseas derivatives tied to Korean chipmakers, warning their rapid growth risks amplifying domestic market swings as it cited leveraged bets by hedge fund Situational Awareness as a driver of recent volatility.
Millennium Management's assets have hit $97 billion, more than double what the firm oversaw six years ago, and is speeding toward $100 billion. The firm's founder, Izzy Englander, is ramping up an unusual model of seeding dozens of smaller would-be rivals to give his firm more capacity to take on investor cash, with $22 billion of new commitments set to close on Oct. 1. Bloomberg's Hema Parmar joins to discuss. (Source: Bloomberg)
Hedge funds turned the most bullish on Brent crude since May as a fresh spate of fighting between the US and Iran heightened concerns about prolonged disruptions to energy flows through the Strait of Hormuz.