Hedge Funds Held Secretive Ideas Dinner, Discussed Shorting Euro
Bloomberg TV is reporting that hedge funds including George Soros' Quantam Fund, SAC Capital and Brigade plotted to short the Euro during a secretive "ideas" dinner held in New York on February 8th. The dinner was put on by a boutique research firm which caters to hedge funds. Bloomberg notes that the fact that the funds met and discussed shorting the Euro does not necessarily denote a conspiracy.
George Soros, warned publicly last weekend that if the European Union doesn't fix its finances, "the euro may fall apart." Some observers are speculating that the Euro could fall to parity against the dollar.
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