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.