http://www.ft.com/cms/s/0/a18263e0-9c0f-11e0-bef9-00144feabdc0.html#axzz1Pte8ThwX
Shorting the eurozone currency is the “herd trade du moment”, another hedge fund manager at the conference points out – a possible reason to steer clear.
SS says -
I dont think so.
Last week when DXY was at 73ish - DSI bulls were at 6%
So they were long EUR and not short
The biggest problem – and not just for the macro hedge fund traders – is that genuinely diversified investment opportunities are very thin on the ground in spite of so much economic and political upheaval.
As Kevin Harrington, head of research at Clarium Capital, the US hedge fund, tells his peers at the GAIM conference: “Everybody has had an accidental global macro portfolio – making very large bets on inflation without necessarily realising it.”
Whether you are betting on US banks, oil, emerging markets or bonds, Mr Harrington notes, “you are taking the same bet, just in a number of different ways”.
For some big macro managers, it is a quandary that leads to only one real conclusion: this summer, just as in 2008, cash is king.
Shorting the eurozone currency is the “herd trade du moment”, another hedge fund manager at the conference points out – a possible reason to steer clear.
SS says -
I dont think so.
Last week when DXY was at 73ish - DSI bulls were at 6%
So they were long EUR and not short
The biggest problem – and not just for the macro hedge fund traders – is that genuinely diversified investment opportunities are very thin on the ground in spite of so much economic and political upheaval.
As Kevin Harrington, head of research at Clarium Capital, the US hedge fund, tells his peers at the GAIM conference: “Everybody has had an accidental global macro portfolio – making very large bets on inflation without necessarily realising it.”
Whether you are betting on US banks, oil, emerging markets or bonds, Mr Harrington notes, “you are taking the same bet, just in a number of different ways”.
For some big macro managers, it is a quandary that leads to only one real conclusion: this summer, just as in 2008, cash is king.
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