Tudor Investment Corp and Moore Capital Wager on China Rebound
| May 31st, 2011 | ||
| Taking advantage of the lagging performance and reduced volatility of the China stock market, hedge fund managers are buying up FTSE call options betting on a rebound. According to a report by Bloomberg News, fund managers, led by Tudor Investment Corp and Moore Capital Management LLC, are selling stock positions and replacing them with much cheaper call options anticipating that the end to China’s interest rate increases will spur stock prices. Both Paul Tudor Jones’ Tudor Investment Corp and Louis Bacon’s Moore Capital purchased at least 7 million options on the FTSE 25, an index of 25 widely traded stocks on the Hong Kong Exchange. | ||
For Detailed Investor Profiles on these Investors, click below: |
Moore Capital Management |
Tudor Investment Corporation |
Related People: Greg Coffey;
Related Entities: Altar Rock*;
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News
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