(Bloomberg) As the market reeled from a historic jolt on Friday that sent the pound to a three-decade low and reverberated across global markets, some hedge fund managers were racking up gains.<\/p>\n
The GCI Systematic Macro Fund surged 10.5 percent on Friday, thanks in part to a short bet on sterling and a wager that the yen would surge in value, said Kyo Yamamoto, the head of the quantitative research and strategy group at Tokyo-based GCI Asset Management. The PruLev Global Macro Fund in Singapore gained 6.2 percent on June 24, largely because of a surge in bonds in the U.K., the U.S., Australia and South Korea, as the fund positioned itself for a “black-swan” event, the fund\u2019s manager Norman Tang wrote in an e-mail. (Bloomberg) As the market reeled from a historic jolt on Friday that sent the pound to a three-decade low and reverberated across global markets, some hedge fund managers were racking up gains. The GCI Systematic Macro Fund surged 10.5 percent […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-53230","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53230","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=53230"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53230\/revisions"}],"predecessor-version":[{"id":53231,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53230\/revisions\/53231"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=53230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=53230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=53230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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