Tag Archives: currency
Sterling falls as bears raise pressure over stimulus cash
This is London – It also led many in the City to believe the Bank favours a weak currency, prompting a series of downbeat forecasts today. “I’m super bearish on the pound,” said Hans-Guenter Redeker, the London-based head of foreign […]
Brazil’s Top Hedge Fund Says Real Rally Almost Over
Bloomberg – Most of the gains in Brazil’s currency and interest-rate futures markets this year are over, said Beny Parnes, chief strategist at BBM Gestao de Recursos Ltda., manager of Brazil’s top-performing hedge fund. BBM pared back leveraged bets that […]
Ex-Fortress H.K. Head Plans Hedge Fund, Document Says
Bloomberg – Stanley Ku, former head of Fortress Investment Group LLC’s Hong Kong office, plans to start an Asia- focused hedge fund to profit from macroeconomic developments, according to a marketing document given to potential investors. Minerva Macro Fund, to […]
Pound extends losses vs dollar after Europe election
guardian.co.uk – Sterling fell against the dollar to near a two-week low on Monday after a collapse of support for the UK’s ruling Labour Party in the European election raised the chances of further challenges to Prime Minister Gordon Brown. […]
