Apr
27
Hedge Funds Agree With Bill Gross On Bund Bubble
ByBill Gross has company among hedge fund managers who think shorting the German 10 year bund is the “short of a lifetime.” As Alexander Friedman, Group CEO of GAM Holdings, notes “the German bund is the biggest bubble in existence right now,” hedge funds Lyxor watches seem to agree.
Hedge funds agree with Bill Gross, bunds are “short of a lifetime”
According to research note from Lyxor, hedge fund managers are short the German ten-year interest rate benchmark because, like Gross, they see a limited downside when interest rates in Germany are currently negative. Unlike Gross, however, many hedge fund managers are choosing to play the game using a relative value trade, not an outright bund play…
Hedge Funds Agree With Bill Gross On Bund Bubble
