Understanding opportunity is what it takes to run a successful global macro fund. Kathleen Kelley, founder and chief investment officer of Queen Anne’s Gate Capital Management in New York, understands that concept better than most.
Historically, the Hong Kong dollar has not been worth putting on a trader’s radar. The currency trades between a narrow band of 7.75 to 7.85 HKD per U.S. dollar and the Hong Kong Monetary Authority has maintained the peg since 1983.
Bonds and equities oddly have been joined at the hip of late, but a less active Fed could be the key to these asset classes returning to normal, and for markets to react to fundamentals instead of how the numbers affect Fed policy.
Whether it is because of the smaller exposure they afford or the finer tuning of risk management they provide, mini and micro contracts have proven to be popular with both novice and experienced traders.
Almost 20 months after the fateful fall of MF Global, the regulator files its complaint against MF Global as well as CEO Jon Corzine and Assistant Treasurer Edith O’Brien. MF Global will settle, but Corzine and O’Brien may fight on.