Today news
About the same in other media
06.01 - 17:39
29.12 - 02:39
Hedge funds have often shorted Hong Kong’s dollar peg but nobody’s hit the jackpot yet
Reading now: 719
fnlondon.comWhen Bill Ackman revealed last month that he was betting the Hong Kong dollar’s peg to the greenback would break, he became the latest in a long line of speculators who have made similar wagers. Nobody has hit the jackpot.
Hedge funds have made bets against the longstanding currency peg going back to the Asian financial crisis. High-profile fund managers including Crispin Odey and Kyle Bass are among those who have previously taken positions that the peg couldn’t last. Ackman’s fund, Pershing Square Capital Management, even...
Read more on fnlondon.comAbout this in other media
Hong Kong brokers line up for SFC approval ahead of new virtual asset trading legislation cointelegraph.com /1 year ago
Conflux Network Expands into Hong Kong cryptonews.com /1 year ago
Convicted ex-hedge fund manager’s advice to SBF on jail time: Shave your head, deepen your voice, listen to rap music fnlondon.com /1 year ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
