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Hedge Funds Turn to Denmark After Swiss Move Jolts Markets

From businessweek.com

As investors and traders work out how to adjust their portfolios after the Swiss National Bank jettisoned its euro cap yesterday, interest is turning to another country with a euro peg. Danske Bank A/S says it has received several requests from hedge funds and offshore investors seeking to profit from the new climate through bets on Denmark. Though it’s a lost cause to speculate the Danes may abandon their euro peg, according to Danske, the bank is advising clients to gird for rate cuts into unprecedented negative territory. “We’re experiencing an increase in interest from foreign investors, hedge funds, looking into ... (full story)

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