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Hedge funds reap billions on yen bets
Some of the giants of the hedge fund world have made billions betting against the yen in recent months, marking a return to form for some blue-blood investors that stumbled after the financial crisis. So-called "global macro" managers, which speculate on economic shifts by trading currencies, bonds and derivatives, have reaped their biggest gains in years trading on the Japanese currency. (Read More: Hedge Funds Up Bets Against Italy's Monte Paschi) Caxton Associates, the Anglo-US fund run by former Goldman Sachs partner Andrew Law, made nearly 10 percent for investors in the past three months while Paul Tudor ... (full story)
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just do it
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