The Currency Soros Couldn’t Break Is Tempting Hedge Funds Again
- Bearish bets against the Hong Kong dollar are picking up
- Odey and other skeptics say the trade is likely to disappoint
This article is for subscribers only.
Crispin Odey has some advice for the traders ramping up wagers against Hong Kong’s currency: try something else.
“There are lots of good bets around at the moment,” said Odey, whose penchant for bold trades has made his hedge fund one of the world’s most volatile in recent years. “Hong Kong dollar is not there.”