Hedge funds are reportedly betting French bond prices will fall, buying Greek corporate debt, and benefiting from Japanís Abenomics.
In the week ending May 3, 2013, it was also reported that London-based hedge fund 36 South had launched an ERISA Fund which is a version of their long volatility flagship fund; former Rubicon executives Tim Attias and Santiago Alarco raised $300m to launch their new hedge fund Canosa Capital; and CICC Investment and PineBridge Investments launched their first global fund of hedge funds that targets Chinese investors.
In a surprise move, Hong Kong-based Richland Capital announced it would close down its hedge funds, Reuters reported; and health care hedge fund Ayer Capital said it would shut down and return capital to its investors. Centaurus Capital will return all money to external investors after disagreements with clients about new investment opportunities but will continue to trade using their own cash.
The Parker FX index gained 0.72% (......................
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