Earlier today, we were delighted to report that after the biggest vol explosion in history, the world’s largest hedge fund Bridgewater, went from urging traders to go all in as recently as January 23, to warning that a “bigger shakeout is coming.”
It turns out that Ray Dalio wasn’t the only fund to urge its broader client universe – and anyone else who cared to listen – to do one thing, while telling a select group of clients to do the opposite. As we noted on Saturday, in his latest Weekly Kickstat published on Friday, Goldman’s chief equity strategist David Kostin essentially told clients to BTFD, suggesting that the correction was likely almost over, based on historical patterns. Continue reading
Cyprus is helping Russia to attack US sanctions against human rights abusers, a leading activist has warned.
The accusation, by Bill Browder, a British campaigner, comes after Cypriot authorities honoured Russia’s request to question Browder’s law firm, Georgiades & Pelides, in Nicosia, for a second time.
Browder told EUobserver that the Russian investigation was designed to smear his name. Continue reading
The Oxford Dictionary defines mutiny as “an open rebellion against the proper authorities.” It is synonymous with “revolt and riot.” For the last few decades George Soros and his Open Society Institute have organized and financed a seditious movement to destroy our Constitutional Republic and monetary system. Their mission appears to be to replace it with a One World borderless government under the jurisdiction of the United Nations.
Soros, a native of Hungary, made his multibillion-dollar fortune by manipulating currencies. Devoid of a moral conscience, he dumped 10 billion sterling, which broke the Bank of England and led to a British financial crisis. It forced the devaluation of their currency while gaining for himself a billion dollar profit. Through his trading activities in Malaysia, he brought down that nation’s currency and in Thailand he is viewed as an “economic war criminal.” He has openly stated that he sees himself as a messianic figure that fancies himself as some kind of god while making his fortune betting on the collapse of national economies and currencies. Continue reading
Please see the source link for the video.
Greek Prime Minister Alexis Tsipras probably has 48 hours to resolve a standoff with creditors before civil unrest breaks out and ATMs run out of cash, hedge fund Balyasny Asset Management said.
Fund managers are questioning how the International Monetary Fund and Europe’s leaders can seal a deal with Athens following the “no” vote in a Greek referendum on Sunday. Sixty-one percent of voters rejected austerity, increasing the likelihood of an exit from the euro area.
Charlie Chan, a former Credit Suisse Group AG proprietary trader who now runs his own hedge fund, reduced bets the dollar will strengthen and added trades that would profit from a decline.
Chan said he trimmed his fund’s long dollar position versus the yen last week after the U.S. currency’s rally stalled following gains of more than 10 percent in each of the past three years. He’s now betting the greenback will weaken against Asian currencies including Singapore’s dollar, South Korea’s won and India’s rupee, the founder of Singapore-based Charlie Chan Capital Partners said.
(Bloomberg) — Ray Dalio, founder of the world’s largest hedge fund firm, Bridgewater Associates, told investors there’s a risk that the Federal Reserve could create a market rout similar to that of 1937 if it raises interest rates too fast. Continue reading
Ever wonder who’s behind the drive to sabotage oil independence in America under the guise of radical environmentalism? Look no further than Russia — and they’ve been doing it for decades. It didn’t just start with fracking.
Read the full article only if you can stomach seeing how strong of an undetected stranglehold Russia has on America.
A shadowy Bermudan company that has funneled tens of millions of dollars to anti-fracking environmentalist groups in the United States is run by executives with deep ties to Russian oil interests and offshore money laundering schemes involving members of President Vladimir Putin’s inner circle.One of those executives, Nicholas Hoskins, is a director at a hedge fund management firm that has invested heavily in Russian oil and gas. He is also senior counsel at the Bermudan law firm Wakefield Quin and the vice president of a London-based investment firm whose president until recently chaired the board of the state-owned Russian oil company Rosneft.
In addition to those roles, Hoskins is a director at a company called Klein Ltd. No one knows where that firm’s money comes from. Its only publicly documented activities have been transfers of $23 million to U.S. environmentalist groups that push policies that would hamstring surging American oil and gas production, which has hurt Russia’s energy-reliant economy. Continue reading
Among those taking a hit: Everest Capital, who lost its main fund.
The $400 million of cumulative losses that Citigroup Inc. (C), Deutsche Bank AG and Barclays Plc (BARC) are said to have suffered from the Swiss central bank’s decision to end the cap on the franc may be followed by others in coming days.
“The losses will be in the billions — they are still being tallied,” said Mark T. Williams, an executive-in-residence at Boston University specializing in risk management. “They will range from large banks, brokers, hedge funds, mutual funds to currency speculators. There will be ripple effects throughout the financial system.” Continue reading