Hedge Fund Alphadyne Loses $1.5B in Rates Short Squeeze - Bloomberg

August 3, 2021 3:23 PM EDT

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(Updated - August 3, 2021 3:29 PM EDT)

Hedge Fund Alphadyne Asset Management has emerged as one of the biggest casualties from a short squeeze in the global bond market following bad bets on rising interest rates, according to Bloomberg, citing people familiar with the matter. The firm is staring down losses of about $1.5 billion.

Its flagship Alphadyne International Fund lost about 10%.

It had bet heavily on curve steepeners and was slow to react, the report said.



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