In September 2014, Mark Hart, founder of Corriente Advisors, predicted on Real Vision that China would be forced to devalue the Yuan. Almost a year later, on August 11, 2015, China began to devalue the Yuan. In this exclusive follow-up interview over a year later, Hart explains why he’s expecting China to devalue the Yuan up to 50% further.
Hart has been at the very forefront of the Chinese devaluation trade and finally broke his silence and legendary privacy by appearing on a Master Class interview on Real Vision to discuss his views. In this outstanding follow-up to his original interview, Mark lays out a roadmap for how the deflationary consequences of fiscal stimulus in the West and capital controls within China will lead to a far greater devaluation of the Yuan than anybody expects.
Paul J. Isaac's Arbiter Partners returned -19.3% in the third quarter of 2021, according to a copy of the hedge fund's quarterly investor correspondence, which ValueWalk has been able to review. Following this performance, the fund's return sits at -1.6% for the year to the end of September. In comparison, the S&P 500 returned 15.9%, Read More
Hart’s fund, Corriente Advisors, was one of the hedge funds who correctly predicted and profited from the sub-prime crisis, and had a special fund vehicle for the European sovereign crisis, which also was highly profitable for his investors. He then created the world’s first special situations funds specifically structured for the devaluation of the RMB, and is just launching his third tranche of the fund.
Mark Hart: The Yuan Devaluation Still Has 50% To Go
Real Vision is the world’s only video-on-demand channel for finance, where the world’s best investors share their ideas; in essence, we are the Netflix of Finance. Our content features exclusive in-depth interviews and presentations from the world’s sharpest independent analysts, fund managers, geopolitical strategists, economists and investors. Free from groupthink, agenda, and sensationalism, Real Vision presents its viewers with the very best economic information and financial insight available and then allows them to make up their own minds, and profit from knowledge.