Hedge Fund Superstars Can’t Master Yield Curves
First, Bloomberg Information revealed in early August that Alphadyne Asset Administration, which has by no means had a down yr since beginning in 2006, was going through losses of about $1.5 billion by the primary seven months of 2021 after being caught in wrong-way bets on rising rates of interest. Ingredient Capital Administration, the $15 billion agency thought-about with Alphadyne to be among the many finest on the earth at buying and selling charges, tumbled 7% in February as world bond yields jumped and curves steepened. Ingredient, led by its billionaire founder Jeffrey Talpins, started mounting a comeback extra lately by merely avoiding wagers on rates of interest.
https://www.washingtonpost.com/enterprise/hedge-fund-superstars-cant-master-yield-curves/2021/10/27/a7857a80-3744-11ec-9662-399cfa75efee_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | Hedge Fund Superstars Can’t Grasp Yield Curves