TOKYO -- Overseas investment funds that profit from negative bets on assets seem to have had a wild time here Tuesday pouncing on what they see as a liquidity-driven market overdue for a takedown.
Chris Morrison, head of strategy at U.K. hedge fund Omni Partners' Macro Fund, seeks to capitalize on such distortions in price formation. Until 2014, Morrison had bet on Japanese equities, figuring that their value disadvantage to European stocks would eventually be corrected. Now, he has turned his attention to the yuan.
