Τα Hedge Fund δεν ήταν έτοιμα να τα βάλουν με την Ευρώπη διότι ήξεραν ότι έχει πολλά όπλα και είναι δυνατή. To χαλί έστρωνε μόνο για το ΔΝΤ.
ΚΑΠΟΙΟΣ ΝΑ ΤΟΥΣ ΣΤΑΜΑΤΗΣΕΙ!
Career Trade Versus Euro Thwarted by EU ‘Tools’: Chart of Day
By Brendan Moynihan and Inyoung Hwang
March 17 (Bloomberg) — The euro’s surge to near a one- month high against the dollar may have been fueled by hedge funds and other large speculators exiting a career trade in which they bet that the currency would tumble.
The CHART OF THE DAY shows the euro failed to register weekly drops even as bets by those traders that it would fall rose to a record on the CME Group. The currency fell as much as 11 percent from a one-year high of $1.5144 on Nov. 25 amid concern Greece’s deficit woes would stunt the region’s growth.
A second chart shows the trend broke yesterday as European Union leaders began working out a strategy of emergency loans should budget cuts and tax increases announced by Greece earlier this month fail to stave off fiscal disaster.
“Positioning in currency markets to attack the stability of the euro is really not a high quality trade,” said David Tien, a money manager in New York at Fischer Francis Trees & Watts, which manages $19 billion in assets. “They have so many tools to thwart you.”
The Department of Justice has sent notices to save trading records on bets against the euro to at least some of the hedge funds whose executives attended an idea dinner hosted by New York-based research and brokerage firm Monness, Crespi, Hardt & Co. on Feb. 8, according to a person with knowledge of the requests. Aaron Cowen, an executive at Stamford, Connecticut-based SAC Capital Advisors LP, David Einhorn, head of New York’s Greenlight Capital LLC, and Don Morgan, who runs Brigade Capital Management LLC in New York, attended the dinner, as did a representative from Soros Fund Management LLC, the Wall Street Journal said Feb. 25. Πρωτοσελιδα – Ειδήσεις