Bet On RMB Exchange Rate Fall And Hedge Fund Turn Around

In addition to devaluing the renminbi, Forum Global Opportunities Fund also benefited from watching NTD and Singapore dollar, shorting the S & P 500, German DAX and Nikkei stock index and German government bonds.

The fund rose 60% last month, up nearly 3% in the first two weeks of this month.

Ray Bakhramov2012, the fund manager of the fund, began to short the renminbi, because the European debt crisis is expected to hurt emerging markets such as China. A Chinese bank in 2011 also strengthened his prediction, but in the 2012-2014 years the fund lost 20%, 10.7% and 12% respectively.

Around the world

Under the impact of the crash, some of this year.

The "big name" of the industry has also defeated Mai City.

Last year, one of the best performing fund managers, William Ackman's fund company, informed the customers that by the end of last month, the entire investment income of the division had been erased.

Last year, the yield of Pershing Square was 32.8%, ranking the first among the largest hedge funds in the world. As of July this year, the company's revenue was 10.1%.

Recently, the fund has been substantially reduced.

And foreign exchange risk, still retain most of the emerging market sovereign credit products and natural resources corporate bonds.

Bakhramov expects credit products to be the next hurting.

The performance of Forum Global Opportunities Fund this year contrasts sharply with most of the macro hedge funds betting on bonds, stocks and currencies, the average monthly yield of which is -1.2%, and the 1-8 month earnings this year are -0.8%.

Most macro hedge funds did not anticipate this year's global market matrix.

Bakhramov also mentioned that investors are somewhat complacent about the prospects of the financial market, but he also said that it would not be the end of the world in the future, but that a very healthy cyclical adjustment would last for two or three years.

This week, the Wall Street News quoted the Wall Street daily news as saying that since the beginning of this year, the main hedge fund of the world, the main fund of bridging water company, which manages assets of 154 billion US dollars, has been redeemed for more than 8 billion US dollars. The management assets have shrunk to 70 billion US dollars as of the middle of this month. The yield of the fund is close to -5% this year.

Since the end of 7 2005, it has invested 1000 US dollars in Forum Global Opportunities Fund assets market value change.

As shown, the investment in the green line represents far more than the investment in S & P 500 (grey line), MSCI emerging market index (Huang Xian) and HFRI macro fund index (Orange Line) this year.