(Reuters) A handful of mainly U.S.-based macro hedge funds have led bets against China’s yuan since late last year and the coming weeks should tell how right they are in predicting a devaluation of between 20 and 50 percent. Since at least last September, Texas-based Corriente Partners, which made hundreds of millions of dollars foreseeing Europe’s debt crisis, has been accumulating tailored “low delta” options.
Hedge Funds Betting Against China Eye ‘Soros Moment’
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