Tag Archives: currency


Sterling falls as bears raise pressure over stimulus cash

This is London – It also led many in the City to believe the Bank favours a weak currency, prompting a series of downbeat ­forecasts today. “I’m super bearish on the pound,” said Hans-Guenter Redeker, the London-based head of foreign […]

Brazil’s Top Hedge Fund Says Real Rally Almost Over

Bloomberg – Most of the gains in Brazil’s currency and interest-rate futures markets this year are over, said Beny Parnes, chief strategist at BBM Gestao de Recursos Ltda., manager of Brazil’s top-performing hedge fund. BBM pared back leveraged bets that […]

Ex-Fortress H.K. Head Plans Hedge Fund, Document Says

Bloomberg – Stanley Ku, former head of Fortress Investment Group LLC’s Hong Kong office, plans to start an Asia- focused hedge fund to profit from macroeconomic developments, according to a marketing document given to potential investors. Minerva Macro Fund, to […]

Pound extends losses vs dollar after Europe election

guardian.co.uk – Sterling fell against the dollar to near a two-week low on Monday after a collapse of support for the UK’s ruling Labour Party in the European election raised the chances of further challenges to Prime Minister Gordon Brown. […]

Hedge funds back into options to bet on dollar/yen

Reuters Tokyo – Hedge funds are dipping their toes back into the dollar/yen options market after months of absence, betting that eventual interest rate tightening by the U.S. Federal Reserve will help the greenback gain against the yen. Dollar/yen’s implied […]

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