{"id":4637,"date":"2006-06-26T00:00:00","date_gmt":"2006-06-26T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"australian-hedge-fund-bets-against-us-dollar","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2006\/australian-hedge-fund-bets-against-us-dollar.html","title":{"rendered":"Australian Hedge Fund Bets against US Dollar"},"content":{"rendered":"<p>WEST PALM BEACH, FL (HEDGECO.NET) &#8211; Antipodean Capital Management is a hedge fund started by a former senior foreign exchange strategist at <span class=\"caps\">ANZ<\/span> Bank, Craig Ferguson isbetting on a 22-year high in the next 12 months for the Australian dollar.<\/p>\n<div class=\"writeboardbody\">\n<p>    With a minimum account of 1 million and a 15% Incentive Fee 15% with annualized returns the fund aims to tap pension funds and wealthy individuals for funds to bet on the currency, on prospects    for a pick-up in growth and increases in interest rates.  <\/p>\n<p>    In an interview with Bloomberg press Ferguson said\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009dThe Australian dollar is undervalued,&#8230;&#8230;The economy is picking up and interest rates look set to rise once, if not twice.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d  <\/p>\n<p>    He forecasts the Australian dollar, which closed at US74c yesterday, will reach US90c by June 2007. That would be the highest since June 1984, according to data compiled by Bloomberg. \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cThe    outlook for the Australian dollar still looks pretty good,\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d Mr Ferguson said.  <\/p>\n<p>    The biggest jump in employment in two years during May, and faster-than-expected economic growth in the first quarter, have increased speculation the Reserve Bank will make another quarter-point    rate rise soon.  <\/p>\n<p>    Ferguson has teamed up with Simon Ho, a former currency options trader at Deutsche Bank AG in Sydney to form Antipodean. Antipodean began trading in February 2006. They have distributed the    capital equally between a fund targeted at the Australian dollar\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s performance against the US dollar and another fund invested in other major currencies.  <\/p>\n<p>    Alex Akesson<br \/>    Contributing Writer<br \/>    HedgeCo.Net<br \/>    Email: Editor@hedgeco.net  <\/p>\n<p>    HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge    Funds!  <\/p>\n<p>    <strong>Be sure to check out our sister sites. <a href=\"http:\/\/www.hedgefundlounge.com\/\">www.hedgefundlounge.com<\/a>, <a href=\"http:\/\/www.hedgefundtools.com\/\">www.hedgefundtools.com,<\/a><\/strong>    and <a href=\"http:\/\/www.hedgefundemployment.com\/\"><strong>www.hedgefundemployment.com.<\/strong><\/a>  <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>WEST PALM BEACH, FL (HEDGECO.NET) &#8211; Antipodean Capital Management is a hedge fund started by a former senior foreign exchange strategist at ANZ Bank, Craig Ferguson isbetting on a 22-year high in the next 12 months for the Australian dollar. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4637","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4637"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4637\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}