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Top related persons:
Florence Lo - 1 Edouard de Langlade - 1 Nell Mackenzie - 1 Dhara Ranasinghe - 1 Mark Potter - 1
Top related locs:
China Vietnam India United States Switzerland
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REUTERS - 1 Capital - 1 The U.S - 1 Thomson - 1

Search resuls for: "Edouard de Langlade"


2 mentions found


☆ China's sliding yuan could be next 'black swan event' for markets, hedge fund EDL says
  + stars: | 2023-08-17 | by ( Nell Mackenzie | ) www.reuters.com   time to read: +2 min
Coins and banknotes of China's yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsLONDON, Aug 17 (Reuters - Hedge fund EDL Capital is betting on further falls for China's offshore currency and says the yuan's slide could be the next "black swan event" to rattle world markets, according to an investor presentation this month seen by Reuters. The U.S. dollar has strengthened roughly 6% against the offshore yuan so far this year and Chinese state banks have been seen selling dollars this week to stem the yuan fall. The hedge fund held a short position in the offshore yuan , the Aug. 2 presentation shows. The hedge fund, run by star manager Edouard de Langlade, was up about 8% this year, said the presentation.
Persons: Florence Lo, Edouard de Langlade, Nell Mackenzie, Dhara Ranasinghe, Mark Potter Organizations: REUTERS, Capital, Reuters, The U.S, Thomson Locations: China, Vietnam, India, United States, Switzerland
☆ Hedge funds retrench after getting pummeled during wild March
  + stars: | 2023-03-31 | by ( Nell Mackenzie Carolina Mandl Summer Zhen | Nell Mackenzie | Carolina Mandl | ) www.reuters.com   time to read: +4 min
Macro and trend-following hedge funds dropped 3.2% this month through March 29, while algorithmic commodity trading advisor funds (CTAs) dove 6.8%. Hedge fund strategies based around macroeconomic ideas like those run by Rokos, DG Parters and EDL Capital fund posted negative performances in March, sources and bank data said. Trend-following hedge funds, which trade on systematically programmed ideas, also posted big losses. The bank decided not to change clients' borrowing limits, but it has increased diligence oversight on the hedge fund exposure, including new clients, the broker said. Trend-following funds tend to bail quickly on trades that stop working, said a pension fund director who invests in hedge funds.
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