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Sovereign Wealth Funds Briefing - Categorized | Market

Asian eyes on Kokusai fund as it reduces its exposure

Posted on 21 May 2010

From Theaustralian.com.au: Several of Asia’s powerful sovereign wealth funds said currency traders in Hong Kong had started to build sizeable “short” positions in the euro - betting that the currency has further to fall and hedging against the losses that they would make if previous bets on the bonds of Greece, Portugal, Spain, Ireland and Italy turned sour.
However, analysts said that a decision by Kokusai Asset Management could be a critical point for the euro……………………………………..Full Article: Source


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