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07.07.26 - 01:48
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"Reaching A Climax": Hedge Funds Turn Most Bearish On Yen Since 2007, As Former FX Czar Sees 20% Undervaluation (ZeroHedge)
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"Reaching A Climax": Hedge Funds Turn Most Bearish On Yen Since 2007, As Former FX Czar Sees 20% Undervaluation
For much of the past year, when the USDJPY disconnected - initially playfully and then terminally - from 2Y yield differentials, FX traders have been asking when and how will this gaping divergence finally converge. Alas, that answer remains elusive still, even as the collapse in the yen has pushed the currency to a generational low, and become an increasingly political topic leading to a surge in Japanese bankruptcies, and a relentless battering of what little is left of Japan's middle class.
Source: Japan Bankruptcies Surge To All-Time High As A Result Of Plunging Yen
And yet, despite the yen's push into what until just two months ago were seen as unthinkable lows by the BOJ no less (which promptly spent $50BN to prop up the currency this April when it touched 161), the fact that the Japanese central bank allowed the yen to resume its descent through the July 4th hol...
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30.06.26 - 16:31
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Why Millennium Is Backing Citadel Alum′s Quant Hedge Fund Firm (Bloomberg)
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Millennium Management will back a new quantitative hedge fund firm led by former Citadel researcher Paul Dou, which may oversee more than $1 billion for the giant over time, said people with knowledge of the matter. Nishant Kumar reports on "Bloomberg Open Interest." (Source: Bloomberg)...
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25.06.26 - 06:06
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Wie die Institutionalisierung die Hedge-Funds-Industrie verändert hat (Finews)
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Zwischen dem Boom der Hedge Funds vor der Finanzkrise und der aktuellen Private-Markets-Welle gibt es einige Parallelen. Doch die Hedge-Funds-Industrie hat sich in den letzten 20 Jahren stark gewandelt. Die Gebühren sind gesunken, die Transparenz ist gestiegen, die Eintrittsbarrieren für Investoren liegen höher. Chris Perret und Luca Michienzi von Wellington Management schildern im Gespräch mit finews, wie das Geschäft heute funktioniert. ...
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