Commercial Traders Have Backed Off Their Euro Hedge by Eric Bush, CFA, Gavekal Capital Blog
Back in March, commercial traders had hedged themselves against a further decline in the Euro at any point since 1999. Since then commercial traders have reduced the number of contracts hedging against the Euro by over 55%. The euro has subsequently risen by nearly 11% over the past quarter on annualized basis.
Abacab Fund Sees Mispricing In Options As Black-Scholes Has Become “Inadequate”
Abacab Asset Management's flagship investment fund, the Abacab Fund, had a "very strong" 2020, returning 25.9% net, that's according to a copy of the firm's year-end letter to investors, which ValueWalk has been able to review. Commenting on the investment environment last year, the fund manager noted that, due to the accelerated adoption of many Read More