Hedge fund EDL laments November ‘bloodbath’ in forex letter


Source: reuters.com reuters.com

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Dec 13 (Reuters) - Hedge fund EDL Capital described November as "bloodbath" month in foreign exchange markets in its latest investor letter, but Edouard de Langlade, the star manager of his eponymous fund, predicted recent weakness in the dollar would be temporary. "We were short JPY, CHF, CNH, NZD and GBP, which was a bloodbath this month," said the $945 million hedge fund manager in a letter released on Tuesday and seen by Reuters. He was referring to the Japanese yen, Swiss franc, Chinese yuan, New Zealand dollar and British pound - currencies that all rallied last month as softer...