Filed under: Investing
Hedge fund manager Bill Ackman made waves in the financial community yesterday by announcing that he was making a very bullish bet on the Hong Kong dollar.
We'll get to the details behind the strategy in a bit. The real "Aha!" is this: Even after the market's recent sharp decline, one of the world's leading stock pickers is, evidently, not that interested in buying stocks.
Back to That Trade
With its value currently pegged to the U.S. dollar, the Hong Kong dollar could potentially be an...
A Star Investor's Big New Trade originally appeared on DailyFinance.com on 2011-09-15T16:45:00Z.
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