(Bloomberg) Former Credit Suisse Group AG trader Charlie Chan, whose macro hedge fund surged 47 percent last year to beat rivals, is holding on to bearish bets on the dollar. For now.Chan’s Splendid Asia Macro Fund, with just under $200 million in assets, wagered correctly in 2017 that regional emerging-markets currencies would gain against the dollar. That is likely to continue as President Donald Trump’s “America First” policy will put downward pressure on the greenback, Chan said in a telephone interview from his office in Singapore.
Macro Hedge Fund That Made 47% Says Dollar’s Drop Isn’t Done
This entry was posted in Syndicated. Bookmark the permalink.
