Hedge Fund Alphadyne Loses $1.5 Billion in Rates Short Squeeze

Bloomberg2021-08-04

Flagship macro strategy is down almost 10% through July Funds made large wagers on rising rates, U.S. curve steepening Hedge fund Alphadyne Asset Management is one of the biggest casualties from a ...

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精彩评论

nayoowin
2021-08-04
nayoowin
Nice
- CcJt:
  Lol
Alihuat
2021-08-04
Alihuat
I also lost in $TAL Education Group(TAL)$
- Juneriq:
  oh dear...sold?
- Alihuat:
  not yet.. big loss.. dont know what to do.... stuck..
Butt3rc00ki3
2021-08-04
Butt3rc00ki3
Like
losty
2021-08-04
losty
Down
- MichelleTSL:
  Ok
Cucumbers
2021-08-04
Cucumbers
Ouch. Nothing is for certain…
sfleong1
2021-08-04
sfleong1
Like n comment

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHedge Fund Alphadyne Loses $1.5 Billion in Rates Short Squeeze\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-04 07:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-03/hedge-fund-alphadyne-loses-1-5-billion-in-rates-short-squeeze?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Flagship macro strategy is down almost 10% through July\nFunds made large wagers on rising rates, U.S. curve steepening\n\nHedge fund Alphadyne Asset Management is one of the biggest casualties from a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-03/hedge-fund-alphadyne-loses-1-5-billion-in-rates-short-squeeze?srnd=premium-asia\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2021-08-03/hedge-fund-alphadyne-loses-1-5-billion-in-rates-short-squeeze?srnd=premium-asia","article_id":"1185981121","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1185981121","pubTimestamp":1628033304,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Flagship macro strategy is down almost 10% through July\nFunds made large wagers on rising rates, U.S","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"对冲基金Alphadyne因利率空头损失15亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Flagship macro strategy is down almost 10% through July\nFunds made large wagers on rising rates, U.S. curve steepening\n\nHedge fund Alphadyne Asset Management is one of the biggest casualties from a short squeeze in the global bond market, with its $12 billion macro trading strategy snared in a series of bad bets on rising interest rates.\nThe investment firm is staring down losses of about $1.5 billion after its hedge funds plunged through July, according to people familiar with the matter. Its flagship Alphadyne International Fund lost about 10%. It also manages a leveraged version with about the same amount of assets.\nAlphadyne’s losses, the largest to be publicly revealed among macro hedge funds, are particularly surprising because its strategy has never had a down year since it started up in 2006. Macro funds on average were up 6.8% in the first half, including a 0.5% advance in June, according to data compiled by Bloomberg.\nA spokesman for New York-based Alphadyne declined to comment.\nThe losses show how even the most plugged-in investors were caught flat-footed by the sharp rally in U.S. Treasuries over the past four months. 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In 2017, Alphadyne spun off its Asia team into Astignes Capital Asia Pte, which focuses on trading interest rate and currency instruments in the region. Broadman is now CIO of Singapore-based Astignes.\nKhuong-Huu, who the New York Times described in a May article as a Frenchman of Vietnamese descent, was Goldman Sachs Group Inc.’s head of interest rates in the early 2000s before forming Alphadyne. During his time at the Wall Street bank, he overlapped with Glenn Hadden, who spent more than a decade there trading global government bonds and U.S. Treasuries before leaving in 2011 to run interest-rate trading at Morgan Stanley.\nHadden joined Alphadyne in 2014 and is considered one of its top portfolio managers, according to people familiar with his trading. That’s largely paid off -- Alphadyne posted double-digit gains in each of the previous four years.\nHedge funds and other large speculators broadly scaled back bets against Treasury futures during the first five months of 2021, after offloading securities earlier in the year. By the start of June, leveraged funds had built up their largest net long position in 10-year note futures since 2013, according to Commodity Futures Trading Commission data.\nSpeculators have since taken a bearish turn again, particularly in so-called ultra bond futures. Leveraged funds now have the biggest net short position in those contracts in almost a year.","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":807647252,"gmtCreate":1628036722176,"gmtModify":1631884928912,"author":{"id":"3555914646523682","authorId":"3555914646523682","name":"nayoowin","avatar":"https://static.tigerbbs.com/15f0b006a5a32255f437afc5e32b6b80","vip":1,"crmLevel":9,"crmLevelSwitch":0,"idStr":"3555914646523682","authorIdStr":"3555914646523682"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/807647252","repostId":1185981121,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5419265,"gmtCreate":1628037297807,"gmtModify":1631884928916,"authorId":3577088975245083,"author":{"id":3577088975245083,"idStr":"3577088975245083","authorId":3577088975245083,"name":"CcJt","avatar":"https://static.tigerbbs.com/ca55c522bf35f1cd0e357f8ce21bf406","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":807647252,"type":1,"supId":0,"prevId":0,"content":"Lol","text":"Lol","html":"Lol"}],"langContent":"EN"},{"id":807660018,"gmtCreate":1628035061334,"gmtModify":1631884081936,"author":{"id":"3575407991823828","authorId":"3575407991823828","name":"Alihuat","avatar":"https://static.tigerbbs.com/d450d741a6a78a315c768cda177843d8","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3575407991823828","authorIdStr":"3575407991823828"},"htmlText":"I also lost in <a href=\"https://laohu8.com/S/TAL\">$TAL Education Group(TAL)$</a>","listText":"I also lost in <a href=\"https://laohu8.com/S/TAL\">$TAL Education Group(TAL)$</a>","text":"I also lost in $TAL Education Group(TAL)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/807660018","repostId":1185981121,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5418731,"gmtCreate":1628035137684,"gmtModify":1635160767763,"authorId":3566969992567848,"author":{"id":3566969992567848,"idStr":"3566969992567848","authorId":3566969992567848,"name":"Juneriq","avatar":"https://static.tigerbbs.com/2ddc6553edddfa241ccd2e6cf2419f1f","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":807660018,"type":1,"supId":0,"prevId":0,"content":"oh dear...sold?","text":"oh dear...sold?","html":"oh dear...sold?"},{"id":5418754,"gmtCreate":1628035225843,"gmtModify":1635160765814,"authorId":3575407991823828,"author":{"id":3575407991823828,"idStr":"3575407991823828","authorId":3575407991823828,"name":"Alihuat","avatar":"https://static.tigerbbs.com/d450d741a6a78a315c768cda177843d8","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":807660018,"type":1,"supId":5418731,"prevId":0,"content":"not yet.. big loss.. dont know what to do.... stuck..","text":"not yet.. big loss.. dont know what to do.... stuck..","html":"not yet.. big loss.. dont know what to do.... stuck.."}],"langContent":"EN"},{"id":807687433,"gmtCreate":1628035050922,"gmtModify":1633754259828,"author":{"id":"3581548481060535","authorId":"3581548481060535","name":"Butt3rc00ki3","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581548481060535","authorIdStr":"3581548481060535"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/807687433","repostId":1185981121,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":807686272,"gmtCreate":1628034908796,"gmtModify":1633754263770,"author":{"id":"3568883640417353","authorId":"3568883640417353","name":"losty","avatar":"https://static.tigerbbs.com/c49f1f2b3571ddd8e83ba724663f8f97","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3568883640417353","authorIdStr":"3568883640417353"},"htmlText":"Down","listText":"Down","text":"Down","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/807686272","repostId":1185981121,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5418698,"gmtCreate":1628034952044,"gmtModify":1635160770899,"authorId":3579336469415958,"author":{"id":3579336469415958,"idStr":"3579336469415958","authorId":3579336469415958,"name":"MichelleTSL","avatar":"https://static.tigerbbs.com/7537e3235320b6f7a9fcc83362e0d004","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":807686272,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":807686601,"gmtCreate":1628034907403,"gmtModify":1631889775631,"author":{"id":"3576794201858255","authorId":"3576794201858255","name":"Cucumbers","avatar":"https://static.tigerbbs.com/e738e1e68e462d14f96cf6ac301fbd37","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3576794201858255","authorIdStr":"3576794201858255"},"htmlText":"Ouch. Nothing is for certain…","listText":"Ouch. Nothing is for certain…","text":"Ouch. Nothing is for certain…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/807686601","repostId":1185981121,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":807689330,"gmtCreate":1628034751420,"gmtModify":1633754268739,"author":{"id":"3583570345500843","authorId":"3583570345500843","name":"sfleong1","avatar":"https://static.tigerbbs.com/2ec42f3f2b911279950a45a9140bc358","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583570345500843","authorIdStr":"3583570345500843"},"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/807689330","repostId":1185981121,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":152,"commentSize":11,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1185981121"}